⸺ Obituary · March 8, 2018 ⸺
“7 Reasons Bitcoin Is Doomed”
— Kiplinger, Steve Goldberg
“They have no real value. The truth is that cryptocurrency advocates are misleading when they call these digital items a currency. Yes, technically they are currencies in that they can be used to buy some goods and services. But cryptocurrencies are fundamentally a speculation — people are buying hoping to sell later at a much higher price.”
Price at death
$9,299
Today
$73,594
Resurrection
×7.9
On 2018-03-08, Steve Goldberg (Entrepreneur) declared Bitcoin dead via Kiplinger. Bitcoin was trading at ~$9,299 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 8, 2018, when one Bitcoin traded for approximately $9,299. Since then, Bitcoin has appreciated by 7.9× relative to the price on the day Kiplinger pronounced it finished.