⸺ Obituary · September 1, 2020 ⸺
“Bitcoin Is Still Rat Poison Squared”
— Investorplace, Wayne Duggan
“Bitcoin is a terrible store of value and an equally terrible long-term investment. And the more bitcoin becomes mainstream, the more the most powerful governments in the world will make it their mission to undermine the cryptocurrency.”
Price at death
$11,964
Today
$73,594
Resurrection
×6.2
On 2020-09-01, Wayne Duggan (Contributor, U.S. News & World Report) declared Bitcoin dead via Investorplace. Bitcoin was trading at ~$11,964 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 1, 2020, when one Bitcoin traded for approximately $11,964. Since then, Bitcoin has appreciated by 6.2× relative to the price on the day Investorplace pronounced it finished.