⸺ Obituary · July 6, 2017 ⸺
“Why Investors Should Ignore The Cryptocurrency Hype”
— Investopedia, Landon D. Whaley
“I’ve seen enough cryptocurrency stories over the last few weeks to last me a lifetime, especially about Bitcoin. Bitcoin is not a store of value, and it’s not a reasonable investment candidate. You’ve been warned!”
Price at death
$2,619
Today
$73,538
Resurrection
×28.1
On 2017-07-06, Landon D. Whaley (Researcher) declared Bitcoin dead via Investopedia. Bitcoin was trading at ~$2,619 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 6, 2017, when one Bitcoin traded for approximately $2,619. Since then, Bitcoin has appreciated by 28.1× relative to the price on the day Investopedia pronounced it finished.