⸺ Obituary · June 27, 2019 ⸺
“Bitcoin’s Crash Hurts The Latecomers Once Again”
— MarketWatch, Brett Arends
“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
$73,594
Resurrection
×6.6
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 6.6× relative to the price on the day MarketWatch pronounced it finished.