⸺ Obituary · June 20, 2013 ⸺
“Bitcoin Sees The Grim Reaper”
— NY Mag, Kevin Roose
“Bitcoin’s path to the grave has always been fairly clear to me. . . . You can’t seize a Bitcoin like you can seize a dollar, since it’s simply an alphanumeric string. But people need to be able to get their money in and out of the Bitcoin economy in order for it to be a useful alternative. With Mt. Gox and other Bitcoin go-betweens having such a hard time staying afloat, it probably won’t be long before even some Bitcoin diehards consider packing it in.”
Price at death
$111
Today
$73,505
Resurrection
×660
On 2013-06-20, Kevin Roose (Technology Columnist, The New York Times) declared Bitcoin dead via NY Mag. Bitcoin was trading at ~$111 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 20, 2013, when one Bitcoin traded for approximately $111. Since then, Bitcoin has appreciated by 660× relative to the price on the day NY Mag pronounced it finished.