⸺ 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
$73,594
Resurrection
×10.9
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 10.9× relative to the price on the day HKMA pronounced it finished.