⸺ Obituary · June 29, 2019 ⸺
“Bitcoin Not Built To Last, Despite Recent Surge”
— New York Post, Jonathon Trugman
“To me, it's fool’s gold. There are no financial statements, no balance sheets, no revenues or assets. There’s not even a physical product! This is unbridled lunacy in which some astute techies take advantage of what will ultimately be some very unfortunate people.”
Price at death
$11,883
Today
$73,490
Resurrection
×6.2
On 2019-06-29, Jonathon Trugman (Writer, NYPost) declared Bitcoin dead via NYPost. Bitcoin was trading at ~$11,883 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 29, 2019, when one Bitcoin traded for approximately $11,883. Since then, Bitcoin has appreciated by 6.2× relative to the price on the day New York Post pronounced it finished.