⸺ Obituary · January 29, 2015 ⸺
“Why Apple Pay And Dollars Are Killing Bitcoin”
— Forbes, Ross Gerber
“At this point, it’s merely a speculative commodity, just like tulip bulbs centuries ago or even Beanie Babies more recently. . . . Bitcoin has peaked and is very unlikely to escalate significantly in value again. . . . It’s basically an elaborate Ponzi scheme. . . . While I don’t relish anyone losing money, Bitcoin basically went out of the way to make itself vulnerable. For this reason, it is destined to fail.”
Price at death
$232
Today
$73,594
Resurrection
×317
On 2015-01-29, Ross Gerber (CEO, Gerber Kawasaki) declared Bitcoin dead via Forbes. Bitcoin was trading at ~$232 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 29, 2015, when one Bitcoin traded for approximately $232. Since then, Bitcoin has appreciated by 317× relative to the price on the day Forbes pronounced it finished.