⸺ 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
$73,538
Resurrection
×17.1
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 17.1× relative to the price on the day Forbes pronounced it finished.