⸺ Obituary · August 4, 2015 ⸺
“Distributed Ledgers Part I Bitcoin Is Dead”
— Pascal Bouvier, Pascal Bouvier
“We have yet to see any meaningful adoption in the retail world and the institutional world seems quite lukewarm. . . . The deflationary quality of – by design and not by accident – is a major drawback. Deflation naturally encourages hoarding and delays spending, which is the behavior we are witnessing with BTC holders.”
Price at death
$285
Today
$73,490
Resurrection
×258
On 2015-08-04, Pascal Bouvier (Fintech Venture Capitalist) declared Bitcoin dead via Pascal Bouvier. Bitcoin was trading at ~$285 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 4, 2015, when one Bitcoin traded for approximately $285. Since then, Bitcoin has appreciated by 258× relative to the price on the day Pascal Bouvier pronounced it finished.