⸺ Obituary · April 13, 2018 ⸺
“Sell All Crypto And Abandon All Blockchain”
— Financial Times, Dan McCrum
“Blockchain hype is an essential part of the crypto-craze, and its fading is cause to expect the eventual crash. The reason is a relationship between a beguiling, but wrong, idea about technology, and the value it has injected back into crypto-currencies such as Bitcoin and Ethereum. Break that cycle, and you unspool the loop that’s spun itself into a boom.”
Price at death
$7,889
Today
$73,594
Resurrection
×9.3
On 2018-04-13, Dan McCrum (Writer, Financial Times) declared Bitcoin dead via Financial Times. Bitcoin was trading at ~$7,889 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 13, 2018, when one Bitcoin traded for approximately $7,889. Since then, Bitcoin has appreciated by 9.3× relative to the price on the day Financial Times pronounced it finished.