⸺ Obituary · January 4, 2022 ⸺
“The Ticking Bomb Of Crypto Fascism”
— In These Times, Hamilton Nolan
“I feel safe saying that, when history looks back in hindsight, it will see crypto as a gargantuan bubble that — as capitalism always does — wiped out the finances of tons of small people who could not afford to be wiped out, and left the rich mostly intact, all because it was able to convince regular people to believe that this time was different. The delusion that salvation from capitalism can be found in new, more clever capitalism is incredibly seductive, and always wrong. Let’s hope that we snap out of it before it’s too late.”
Price at death
$45,837
Today
$73,520
Resurrection
×1.6
On 2022-01-04, Hamilton Nolan (Labor Writer, In These Times) declared Bitcoin dead via In These Times. Bitcoin was trading at ~$45,837 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 4, 2022, when one Bitcoin traded for approximately $45,837. Since then, Bitcoin has appreciated by 60% relative to the price on the day In These Times pronounced it finished.