⸺ Obituary · September 5, 2017 ⸺

“Bitcoin's Price Hit $5,000 Last Week. It's Still A Dumb Investment”

Los Angeles Times

Michael Hiltzik

“So here’s my short answer. No, I don’t feel silly, but vindicated. If the recent run-up in bitcoin price proves anything, it’s that the virtual currency is still a dumb investment.”

Price at death

$4,422

Today

$61,577

Resurrection

×13.9

On 2017-09-05, Michael Hiltzik (Columnist, LA Times) declared Bitcoin dead via LA Times. Bitcoin was trading at ~$4,422 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on September 5, 2017, when one Bitcoin traded for approximately $4,422. Since then, Bitcoin has appreciated by 13.9× relative to the price on the day Los Angeles Times pronounced it finished.

Read the original →

← Earlier death

“The Death Of Bitcoin And The Future Of Cryptocurrencies”

Later death →

“Bitcoin, Ether And Other Cryptocurrencies May Be Seeing The Beginning Of The End”

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