⸺ Obituary · March 4, 2014 ⸺
““The Doomsday Cult Of Bitcoin””
— NY Mag, Kevin Roose
“With the future of money in the hands of Satoshi Nakamoto’s brilliant protocol, inexact central planning would be replaced by algorithmic decentralization. Of course, none of that has happened. And it’s exceedingly likely that none of it will.”
Price at death
$664
Today
$73,594
Resurrection
×111
On 2014-03-04, Kevin Roose (Technology Columnist, The New York Times) declared Bitcoin dead via NY Mag. Bitcoin was trading at ~$664 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 4, 2014, when one Bitcoin traded for approximately $664. Since then, Bitcoin has appreciated by 111× relative to the price on the day NY Mag pronounced it finished.