⸺ Obituary · November 28, 2018 ⸺
“Why A Nobel Laureate In Economics Thinks Bitcoin Is Toast”
— PBS, Robert C. Merton
“The problem with bitcoin at the moment, despite Ohio, is just what its champions decry: It is not a government-controlled currency. And therefore, asks Merton, who is responsible for the value of our currency if tomorrow morning all the bitcoin screens go dark?”
Price at death
$4,242
Today
$73,532
Resurrection
×17.3
On 2018-11-28, Robert C. Merton (Economist) declared Bitcoin dead via PBS. Bitcoin was trading at ~$4,242 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 28, 2018, when one Bitcoin traded for approximately $4,242. Since then, Bitcoin has appreciated by 17.3× relative to the price on the day PBS pronounced it finished.