⸺ Obituary · September 9, 2017 ⸺

“Why China Crushed Bitcoin”

Forbes

Panos Mourdoukoutas

“Bitcoin’s buzz is gone, for now. It was crushed by the heavy-handed intervention of the Chinese government, which is cooling off investor enthusiasm for the digital currency….”

Price at death

$4,292

Today

$61,577

Resurrection

×14.3

On 2017-09-09, Panos Mourdoukoutas (Economist and Professor, LIU Post) declared Bitcoin dead via Forbes. Bitcoin was trading at ~$4,292 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on September 9, 2017, when one Bitcoin traded for approximately $4,292. Since then, Bitcoin has appreciated by 14.3× relative to the price on the day Forbes pronounced it finished.

Read the original →

← Earlier death

“Bitcoin, Ether And Other Cryptocurrencies May Be Seeing The Beginning Of The End”

Later death →

“What Bitcoin Isn’t”

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