⸺ Obituary · September 20, 2017 ⸺

“Stay Away From Bitcoin, It's An Absolute Bubble, Says Tocqueville's Hathaway”

Kitco.com

John Hathaway

“Tocqueville’s Chairman John Hathaway doesn’t mince words when it comes to to talking bitcoin. When asked about the cryptocurrency craze, Hathaway, manager of the $1.2 billion dollar Tocqueville gold fund, simply said, ‘garbage.’ “It's an absolute bubble -there's no question in my mind that it's in a bubble.”

Price at death

$3,858

Today

$61,577

Resurrection

×16.0

On 2017-09-20, John Hathaway (Asset Manager) declared Bitcoin dead via Kitco.com. Bitcoin was trading at ~$3,858 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on September 20, 2017, when one Bitcoin traded for approximately $3,858. Since then, Bitcoin has appreciated by 16.0× relative to the price on the day Kitco.com pronounced it finished.

Read the original →

← Earlier death

“Bridgewater Founder Ray Dalio: Bitcoin Is A Bubble”

Later death →

“ECB's Constancio Says Bitcoin Isn't a Currency, It's a Tulip”

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