⸺ Obituary · May 20, 2022 ⸺
“The Crypto Bubble is Bursting – Open Your Eyes And Spot the Ugly Naked Truth”
— Morning Porridge, Bill Blain
“It’s terribly clever, but a pointless, busted bubble.”
Price at death
$29,156
Today
$73,594
Resurrection
×2.5
On 2022-05-20, Bill Blain (Market Strategist, Shard Capital) declared Bitcoin dead via Morning Porridge. Bitcoin was trading at ~$29,156 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 20, 2022, when one Bitcoin traded for approximately $29,156. Since then, Bitcoin has appreciated by 2.5× relative to the price on the day Morning Porridge pronounced it finished.