⸺ Obituary · February 18, 2021 ⸺
“Bitcoin Above $51,000 Is Unsustainable Unless Volatility Subsides”
— Insider, Financial Analysts
“Bitcoin's current price is "unsustainable" unless the cryptocurrency's volatility dies down, according to JPMorgan.”
Price at death
$51,573
Today
$73,594
Resurrection
×1.4
On 2021-02-18, Financial Analysts (JP Morgan) declared Bitcoin dead via Insider. Bitcoin was trading at ~$51,573 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 18, 2021, when one Bitcoin traded for approximately $51,573. Since then, Bitcoin has appreciated by 43% relative to the price on the day Insider pronounced it finished.