⸺ Obituary · March 9, 2015 ⸺
“Predictions For 2015”
James Kynge
“Nevertheless, the chances of bitcoin, the most popular of this new breed of self-clearing financial instruments, making it as a mainstream currency are now zero. Prices have been floundering at around $350 a coin for months, escalating losses for those who invested at last year’s $1,200 highs. Add to this a stream of high-profile scandals over the past year, such as the collapse of Tokyo-based currency exchange Mt Gox in February, and you realise it is not a question of if but when the public loses interest in this experiment entirely.”
Price at death
$289
Today
$61,577
Resurrection
×213
On 2015-03-09, James Kynge (Financial Journalist) declared Bitcoin dead via Financial Times. Bitcoin was trading at ~$289 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 9, 2015, when one Bitcoin traded for approximately $289. Since then, Bitcoin has appreciated by 213× relative to the price on the day Financial Times pronounced it finished.
