⸺ Obituary · December 26, 2014 ⸺
“Bitcoin’s Defects Will Hasten Its Demise In 2015”
— Reuters, Martin Hutchinson
“Bitcoin’s defects will hasten its demise in 2015 . . . Bitcoin’s flaws are becoming more evident, which may explain why prices more than halved in 2014. That trend should continue.”
Price at death
$327
Today
$73,577
Resurrection
×225
On 2014-12-26, Martin Hutchinson (Breakingviews Columnist, Reuters) declared Bitcoin dead via Reuters. Bitcoin was trading at ~$327 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 26, 2014, when one Bitcoin traded for approximately $327. Since then, Bitcoin has appreciated by 225× relative to the price on the day Reuters pronounced it finished.