⸺ Obituary · June 20, 2017 ⸺
“Bitcoin And Ethereum 'Both Soon Obsolete'”
— James Rickards, James Rickards
“We now have enough information on cryptocurrencies to conclude that Bitcoin = Betamax, and Ethereum = VHS. One wins, but both soon obsolete.”
Price at death
$2,779
Today
$73,594
Resurrection
×26.5
On 2017-06-20, James Rickards (Economist, Investment banker) declared Bitcoin dead via James Rickards. Bitcoin was trading at ~$2,779 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 20, 2017, when one Bitcoin traded for approximately $2,779. Since then, Bitcoin has appreciated by 26.5× relative to the price on the day James Rickards pronounced it finished.