⸺ Obituary · October 11, 2018 ⸺
“Dr. Doom Says Bitcoin Represents The Mother Of All Bubbles”
— MarketWatch, Nouriel Roubini
“It is clear by now that bitcoin and other cryptocurrencies represent the mother of all bubbles…”
Price at death
$6,177
Today
$73,594
Resurrection
×11.9
On 2018-10-11, Nouriel Roubini (Economist and Professor, NYU) declared Bitcoin dead via MarketWatch. Bitcoin was trading at ~$6,177 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 11, 2018, when one Bitcoin traded for approximately $6,177. Since then, Bitcoin has appreciated by 11.9× relative to the price on the day MarketWatch pronounced it finished.