⸺ Obituary · December 8, 2016 ⸺
“Bitcoin Is A Bubble. It Will Burst On Monday 12 December 2016”
— LinkedIn, Jiri Kram
“Bitcoin is a bubble that like Tulip, South Sea, Dot.com or Subprime will burst…”
Price at death
$767
Today
$73,594
Resurrection
×96.0
On 2016-12-08, Jiri Kram (Cloud Architect) declared Bitcoin dead via LinkedIn. Bitcoin was trading at ~$767 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 8, 2016, when one Bitcoin traded for approximately $767. Since then, Bitcoin has appreciated by 96.0× relative to the price on the day LinkedIn pronounced it finished.