⸺ Obituary · September 7, 2017 ⸺
“Bitcoin, Ether And Other Cryptocurrencies May Be Seeing The Beginning Of The End”
— MarketWatch, Brett Arends
“The sudden Chinese crackdown on the virtual coin fundraising of bitcoin and other cryptocurrencies that caused the plunge is either the end of the beginning for the crypto-party — or, more likely, the beginning of the end….”
Price at death
$4,638
Today
$73,594
Resurrection
×15.9
On 2017-09-07, Brett Arends (Financial Journalist) declared Bitcoin dead via MarketWatch. Bitcoin was trading at ~$4,638 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 7, 2017, when one Bitcoin traded for approximately $4,638. Since then, Bitcoin has appreciated by 15.9× relative to the price on the day MarketWatch pronounced it finished.