⸺ Obituary · May 21, 2022 ⸺
“Crypto Assets Are ‘Worth Nothing,’ Says Ecb’S Christine Lagarde”
— Politico, Christine Lagarde
“My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.”
Price at death
$29,408
Today
$73,541
Resurrection
×2.5
On 2022-05-21, Christine Lagarde (President, European Central Bank) declared Bitcoin dead via Politico. Bitcoin was trading at ~$29,408 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 21, 2022, when one Bitcoin traded for approximately $29,408. Since then, Bitcoin has appreciated by 2.5× relative to the price on the day Politico pronounced it finished.