⸺ Obituary · May 24, 2017 ⸺

“Bitcoin: Ponzi Gone Global”

Macro Business

David Llewellyn-Smith

“Play it, own it, do what you like with it, but always remember that it is nothing more that an intrinsically worthless global pyramid scheme that could collapse at any moment.”

Price at death

$2,476

Today

$61,577

Resurrection

×24.9

On 2017-05-24, David Llewellyn-Smith (Economist) declared Bitcoin dead via Macro Business. Bitcoin was trading at ~$2,476 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on May 24, 2017, when one Bitcoin traded for approximately $2,476. Since then, Bitcoin has appreciated by 24.9× relative to the price on the day Macro Business pronounced it finished.

Read the original →

← Earlier death

“Bitcoins: Are You Kidding Me?”

Later death →

“What Is A Good Price For Bitcoin And Other Cryptocurrencies? Zero.”

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