⸺ Obituary · May 22, 2019 ⸺
“Bitcoin Manipulation Madness Calls For Massive Investigation”
John Crudele
Photo: John Crudele, via X (@johncrudele)
“As I’ve said before, bitcoin is nothing more than a confidence game. It’s worth nothing if people suddenly lose their confidence in this fake digital currency. It’s backed by nothing. It’s the definition of a con. I’ve said the same thing when a bitcoin was selling for $20,000. And still was saying it when it plunged to $4,000. Its real worth: $0.”
Price at death
$7,624
Today
$61,577
Resurrection
×8.1
On 2019-05-22, John Crudele (Columnist) declared Bitcoin dead via NYPost. Bitcoin was trading at ~$7,624 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 22, 2019, when one Bitcoin traded for approximately $7,624. Since then, Bitcoin has appreciated by 8.1× relative to the price on the day New York Post pronounced it finished.