⸺ Obituary · November 15, 2015 ⸺
“More Dirt On The Bitcoin”
— Plata
“I stand by my opinion that the Bitcoin is, in fact if not in intention, a fraud; it is an attempt to muscle-in on the enormous scam of universal fiat money, which is a curse upon mankind. And as a scam, it will go to the dust-bin of History, along with the world’s present fiat money system.”
Price at death
$320
Today
$73,594
Resurrection
×230
On 2015-11-15, Plata declared Bitcoin dead. Bitcoin was trading at ~$320 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 15, 2015, when one Bitcoin traded for approximately $320. Since then, Bitcoin has appreciated by 230× relative to the price on the day Plata pronounced it finished.