⸺ Obituary · May 22, 2018 ⸺
“There’s A ‘Decent Probability’ Bitcoin Goes To Zero, Says Vanguard Economist”
— MarketWatch, Joe Davis
““Over the past few months, I’ve gotten this question more than any other,” wrote Davis. “As for bitcoin the currency? I see a decent probability that its price goes to zero.””
Price at death
$7,984
Today
$73,594
Resurrection
×9.2
On 2018-05-22, Joe Davis (Economist) declared Bitcoin dead via MarketWatch. Bitcoin was trading at ~$7,984 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 22, 2018, when one Bitcoin traded for approximately $7,984. Since then, Bitcoin has appreciated by 9.2× relative to the price on the day MarketWatch pronounced it finished.