⸺ Obituary · March 4, 2016 ⸺
“The Crisis In Bitcoin And The Rise Of Blockchain”
— Fortune, Jeff John Roberts
“Still, based on recent developments, a bitcoin resurgence looks like a long shot. When the final history of bitcoin is written, the currency itself is likely to be just a colorful footnote in the tale of the emergence of a powerful new blockchain technology.”
Price at death
$408
Today
$73,594
Resurrection
×180
On 2016-03-04, Jeff John Roberts (Staff Writer, Fortune) declared Bitcoin dead via Fortune. Bitcoin was trading at ~$408 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 4, 2016, when one Bitcoin traded for approximately $408. Since then, Bitcoin has appreciated by 180× relative to the price on the day Fortune pronounced it finished.