⸺ Obituary · March 11, 2014 ⸺
“The Real Reason Bitcoin Is Doomed”
— Fortune
“Bitcoin is not a currency. . . . There’s nothing that Bitcoin allows anyone to do that they can’t already do in the regular banking system.”
Price at death
$629
Today
$73,525
Resurrection
×117
On 2014-03-11, Fortune declared Bitcoin dead. Bitcoin was trading at ~$629 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 11, 2014, when one Bitcoin traded for approximately $629. Since then, Bitcoin has appreciated by 117× relative to the price on the day Fortune pronounced it finished.