⸺ Obituary · December 18, 2014 ⸺
““The Great Paradox Of Bitcoin: If It Ever Succeeds, It’s Doomed””
— Mother Jones, Kevin Drum
“But Bitcoin is doomed as a payments network. . . . But if I had to put money on it? I’d say Bitcoin is doomed in the medium-term future.”
Price at death
$311
Today
$73,567
Resurrection
×237
On 2014-12-18, Kevin Drum (Political Blogger, Mother Jones) declared Bitcoin dead via Mother Jones. Bitcoin was trading at ~$311 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 18, 2014, when one Bitcoin traded for approximately $311. Since then, Bitcoin has appreciated by 237× relative to the price on the day Mother Jones pronounced it finished.