⸺ Obituary · October 15, 2018 ⸺
“The Big Blockchain Lie”
— Project Syndicate, Nouriel Roubini
“No serious institution would ever allow its transactions to be verified by an anonymous cartel operating from the shadows of the world’s authoritarian kleptocracies. So it is no surprise that whenever “blockchain” has been piloted in a traditional setting, it has either been thrown in the trash bin or turned into a private permissioned database that is nothing more than an Excel spreadsheet or a database with a misleading name.”
Price at death
$6,513
Today
$73,541
Resurrection
×11.3
On 2018-10-15, Nouriel Roubini (Economist and Professor, NYU) declared Bitcoin dead via Project Syndicate. Bitcoin was trading at ~$6,513 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 15, 2018, when one Bitcoin traded for approximately $6,513. Since then, Bitcoin has appreciated by 11.3× relative to the price on the day Project Syndicate pronounced it finished.