⸺ Obituary · December 5, 2017 ⸺
“Bitcoin: French Economist Predicts Day Of Reckoning”
— Irish Times, Robert Ophele
“On Monday, the chairman of France’s market regulator denounced Bitcoin as a “dangerous illusion” and a tool for criminals. “It’s a way to purchase illicit goods, it’s a way to launder illicit income, it’s a way to develop and pay for cybercrimes and it’s a pure empty commodity,” Robert Ophele, chairman of the Autorite des Marches Financiers, said in a Bloomberg Television interview from Tokyo. “If it were a currency, it would be a very bad one.””
Price at death
$11,696
Today
$73,532
Resurrection
×6.3
On 2017-12-05, Robert Ophele (Chairman, the Autorite des Marches Financiers) declared Bitcoin dead via Irish Times. Bitcoin was trading at ~$11,696 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 5, 2017, when one Bitcoin traded for approximately $11,696. Since then, Bitcoin has appreciated by 6.3× relative to the price on the day Irish Times pronounced it finished.