⸺ 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
$73,594
Resurrection
×16.6
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 16.6× relative to the price on the day Los Angeles Times pronounced it finished.