⸺ Obituary · October 14, 2015 ⸺
“This Bitcoin Startup Is Changing Its Name And Moving Away From Bitcoin”
— Fortune, Anthony Watson
““I’ll be surprised if bitcoin is here in five years,” he has told Fortune. “The value of bitcoin isn’t the currency, but the technology. I think once the world becomes more accustomed and attuned to the platform of bitcoin, the noise will go away, and the currency will go away too. The real transformation is the idea of taking all barriers down… Whatever currency or commodity you want to transact in, you can, and you can do it for free.””
Price at death
$253
Today
$73,554
Resurrection
×291
On 2015-10-14, Anthony Watson (CEO, Bitreserve) declared Bitcoin dead via Fortune. Bitcoin was trading at ~$253 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 14, 2015, when one Bitcoin traded for approximately $253. Since then, Bitcoin has appreciated by 291× relative to the price on the day Fortune pronounced it finished.