⸺ 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

$61,577

Resurrection

×17.3

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 17.3× relative to the price on the day Mother Jones pronounced it finished.

Read the original →

← Earlier death

“Is Bitcoin Going To Zero?”

Later death →

“How Low Will Bitcoin Now Go?”

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