⸺ Obituary · March 31, 2022 ⸺

“Crypto Vs Gold: The Search For An Investment Bolt Hole”

Financial Times

Bill Blain

“Crypto assets are no different from a classic Ponzi scheme where a steady stream of new entrants pays off the older members. It all depends on greater fools joining the rush to participate because prices are rising. Today, the greater fool is wondering whether to buy Tesla and Ethereum.”

Price at death

$46,319

Today

$61,577

Resurrection

×1.3

On 2022-03-31, Bill Blain (Market Strategist, Shard Capital) declared Bitcoin dead via Financial Times. Bitcoin was trading at ~$46,319 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on March 31, 2022, when one Bitcoin traded for approximately $46,319. Since then, Bitcoin has appreciated by 33% relative to the price on the day Financial Times pronounced it finished.

Read the original →

← Earlier death

“The End of Cryptocurrency Coming?”

Later death →

“Blockchain Is A Fraud”

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