⸺ Obituary · December 24, 2017 ⸺
“The Bitcoin Hoax”
— Huffington Post, Robert Kuttner
“So the next time the wizards of speculation produce yet another financial collapse, who ya gonna call? Bitcoin? Sorry, there’s nobody home.”
Price at death
$13,975
Today
$73,565
Resurrection
×5.3
On 2017-12-24, Robert Kuttner (Professor, Brandeis University) declared Bitcoin dead via Huffington Post. Bitcoin was trading at ~$13,975 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 24, 2017, when one Bitcoin traded for approximately $13,975. Since then, Bitcoin has appreciated by 5.3× relative to the price on the day Huffington Post pronounced it finished.