⸺ Obituary · September 11, 2017 ⸺
“What Bitcoin Isn’t”
Paul Donovan
“UBS and other banks, even some central banks, have adopted blockchain technology that speeds up transactions between the major banks of the world. But you need to separate the underlying technology, which is rather dull, from bitcoin itself, which might be exciting, but it’s not an actual currency.”
Price at death
$4,189
Today
$61,577
Resurrection
×14.7
On 2017-09-11, Paul Donovan (Economist) declared Bitcoin dead via Moneyweb. Bitcoin was trading at ~$4,189 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 11, 2017, when one Bitcoin traded for approximately $4,189. Since then, Bitcoin has appreciated by 14.7× relative to the price on the day Moneyweb pronounced it finished.
