⸺ Obituary · November 20, 2018 ⸺
“Victims Of Bitcoin Insanity Are Quickly Piling Up”
— MarketWatch, Ivan Martchev
“As history has proven on multiple occasions, most bubbles end with the majority of investors losing massive amounts of money as they hold and hope for the bubble to reflate. Regrettably, after bubbles pop, they can take decades to recover and “take out” the bubble price high, or, worst-case scenario, disappear. I think bitcoin will be a worst-case scenario situation.”
Price at death
$4,414
Today
$73,594
Resurrection
×16.7
On 2018-11-20, Ivan Martchev (Investment Strategist) declared Bitcoin dead via MarketWatch. Bitcoin was trading at ~$4,414 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 20, 2018, when one Bitcoin traded for approximately $4,414. Since then, Bitcoin has appreciated by 16.7× relative to the price on the day MarketWatch pronounced it finished.