⸺ Obituary · April 10, 2018 ⸺
“Bitcoin Mania Has Clear Parallels To The Spread Of Infectious Diseases According To Barclays”
— Markets Insider
“As the hype for cryptocurrencies continued to swell, so did the price. But this can only happen for so long, Barclays explains, much like the spread of an infection among a population.”
Price at death
$6,831
Today
$73,507
Resurrection
×10.8
On 2018-04-10, Markets Insider declared Bitcoin dead. Bitcoin was trading at ~$6,831 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 10, 2018, when one Bitcoin traded for approximately $6,831. Since then, Bitcoin has appreciated by 10.8× relative to the price on the day Markets Insider pronounced it finished.