⸺ Obituary · February 14, 2016 ⸺
“The Resolution Of The Bitcoin Experiment”
— Mike Hearn, Mike Hearn
“The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards. I will no longer be taking part in Bitcoin development and have sold all my coins.”
Price at death
$407
Today
$73,401
Resurrection
×180
On 2016-02-14, Mike Hearn (Engineer) declared Bitcoin dead via Mike Hearn. Bitcoin was trading at ~$407 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 14, 2016, when one Bitcoin traded for approximately $407. Since then, Bitcoin has appreciated by 180× relative to the price on the day Mike Hearn pronounced it finished.