⸺ Obituary · October 1, 2018 ⸺
“Bitcoin: 10 Years Of Smoke And Mirrors”
— Medium, Karen Webster
“Bitcoin has failed because it doesn’t solve a problem that enough people have — except for criminals and country dictators who want an unregulated, anonymous currency with which to do business out of the public eye.”
Price at death
$6,579
Today
$73,594
Resurrection
×11.2
On 2018-10-01, Karen Webster (Emerging Payments Writer) declared Bitcoin dead via Medium. Bitcoin was trading at ~$6,579 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 1, 2018, when one Bitcoin traded for approximately $6,579. Since then, Bitcoin has appreciated by 11.2× relative to the price on the day Medium pronounced it finished.