⸺ Obituary · December 30, 2018 ⸺
“Bitcoin Maximalists' Impossible Dream”
— Forbes, Frances Coppola
“If currencies are fundamentally tribal, how can Bitcoin possibly become the “new gold standard”, as maximalists dream? Humans don’t take kindly to attempts by other tribes to eliminate their tribal symbols and impose those of another tribe. They have to be persuaded, not coerced. Currently, Bitcoin maximalists can’t even persuade other Bitcoiners to support their coin. The idea that they could persuade all the people of the world to throw away their tribal currencies and adopt their version of Bitcoin is laughable. When’s the next fork, by the way?”
Price at death
$3,881
Today
$73,594
Resurrection
×19.0
On 2018-12-30, Frances Coppola (Columnist, Coindesk) declared Bitcoin dead via Forbes. Bitcoin was trading at ~$3,881 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 30, 2018, when one Bitcoin traded for approximately $3,881. Since then, Bitcoin has appreciated by 19.0× relative to the price on the day Forbes pronounced it finished.