⸺ 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
$73,577
Resurrection
×19.1
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 19.1× relative to the price on the day Kitco.com pronounced it finished.