⸺ Obituary · February 14, 2022 ⸺
“Crypto May Be Worse Than A Ponzi Scheme”
— Reserve Bank of India, T. Rabi Sankar
Price at death
$42,587
Today
$67,440
Resurrection
×1.6
On 2022-02-14, T. Rabi Sankar (RBI Deputy Governor) declared Bitcoin dead via Reserve Bank of India. Bitcoin was trading at ~$42,587 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 14, 2022, when one Bitcoin traded for approximately $42,587. Since then, Bitcoin has appreciated by 58% relative to the price on the day Reserve Bank of India pronounced it finished.