⸺ Obituary · April 20, 2017 ⸺
“The Rise And Fall Of Bitcoin (And The New Kid On The Blockchain)”
— Forbes, Ben Lee
“I used to be an avid trader years ago, and my co-founder is as hardcore of a crypto-anarchist as they come. I would love nothing more than for bitcoin to succeed, but I believe it will die a slow and painful death and something else will come along to be its successor.”
Price at death
$1,255
Today
$73,577
Resurrection
×58.6
On 2017-04-20, Ben Lee (CEO, Neon Roots) declared Bitcoin dead via Forbes. Bitcoin was trading at ~$1,255 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 20, 2017, when one Bitcoin traded for approximately $1,255. Since then, Bitcoin has appreciated by 58.6× relative to the price on the day Forbes pronounced it finished.