⸺ Obituary · June 27, 2019 ⸺

“Bitcoin’s Crash Hurts The Latecomers Once Again”

MarketWatch

Brett Arends

Photo: MarketWatch

“Bitcoin has no intrinsic value as an asset. Never had. It yields no cash, generates no income and serves no useful legal purpose. It is most useful for money-laundering. If you need to get your money out of the country, fast, bitcoin is a pretty good way to do it.”

Price at death

$11,171

Today

$61,577

Resurrection

×5.5

On 2019-06-27, Brett Arends (Financial Journalist) declared Bitcoin dead via MarketWatch. Bitcoin was trading at ~$11,171 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on June 27, 2019, when one Bitcoin traded for approximately $11,171. Since then, Bitcoin has appreciated by 5.5× relative to the price on the day MarketWatch pronounced it finished.

Read the original →

← Earlier death

“None More Foolish Than What’s Being Said To Rationalize The Bitcoin Bubble”

Later death →

“Bitcoin Not Built To Last, Despite Recent Surge”

⸺ Also in this category ⸺

More from the financial press

Jun 16, 2026financial press

“A Worthless Digital Asset”

On 2026-06-16, with Bitcoin in the mid-$60,000s and well off its cycle high, perennial gold bug Peter Schiff went on Fox Business to call it 'a worthless digital asset' whose bubble had burst — arguing buyers were merely betting a greater fool would pay more, with no genuine long-term value. It was Schiff's umpteenth Bitcoin obituary since 2011; two weeks later he doubled down, warning a 'death spiral' could drag BTC under $20,000. Bitcoin has risen more than 4,000-fold since his first recorded death call.

Jun 10, 2026financial press

“Bitcoin Is Bad Money”

On 2026-06-10, six days after declaring 'Saylor murdered Bitcoin,' CNBC's Jim Cramer wrote off BTC again on X — branding Bitcoin and gold 'bad money' being dumped to chase SpaceX and megacap tech. Coming mid-rout, it read as capitulation. But traders noted the irony: the 'Inverse Cramer' trade has a long history — his 2017 'monopoly money' jibe and January 2024 selloff warning both preceded major rallies.

Jun 4, 2026financial press

“Saylor Murdered Bitcoin”

On 2026-06-04, with Bitcoin sliding toward $64,000 in its worst week since the FTX collapse, CNBC's Jim Cramer declared 'Saylor murdered Bitcoin' on X — pinning the rout on Strategy's first sale in four years and conceding he might rethink his pro-BTC stance now that its biggest 'trampoline' had stopped buying. Michael Saylor fired back: 'It's just a flesh wound, Jim.' A Monty Python retort to a murder charge — the obituary genre at its most theatrical.

Buy Bitcoin in 60 seconds. US-regulated.

Open account →

Kraken

Lowest fees. Used by institutions.

Start trading →