⸺ Obituary · September 21, 2018 ⸺

“Crypto-Assets And Money”

HKMA

Norman T.L. Chan

“Crypto-assets are not money or currencies. So people wishing to invest or speculate in crypto-assets should do so without harbouring the unrealistic expectation that they would one day become money or currencies that can be used as a means of exchange.”

Price at death

$6,753

Today

$61,577

Resurrection

×9.1

On 2018-09-21, Norman T.L. Chan (Banker) declared Bitcoin dead via HKMA. Bitcoin was trading at ~$6,753 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on September 21, 2018, when one Bitcoin traded for approximately $6,753. Since then, Bitcoin has appreciated by 9.1× relative to the price on the day HKMA pronounced it finished.

Read the original →

← Earlier death

“The Great Cryptocurrency Crash Of 2018”

Later death →

“Bitcoin: 10 Years Of Smoke And Mirrors”

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