⸺ Obituary · December 9, 2018 ⸺
“The Bitcoin Con May Soon Be Over”
— Mother Jones, Kevin Drum
“Cryptocurrencies are inherently a dumb idea. But aside from being a con, they also waste enormous amounts of energy in service of a pointless goal. The sooner Bitcoin crashes the better off the entire world will be.”
Price at death
$3,566
Today
$73,594
Resurrection
×20.6
On 2018-12-09, Kevin Drum (Political Blogger, Mother Jones) declared Bitcoin dead via Mother Jones. Bitcoin was trading at ~$3,566 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 9, 2018, when one Bitcoin traded for approximately $3,566. Since then, Bitcoin has appreciated by 20.6× relative to the price on the day Mother Jones pronounced it finished.