⸺ Obituary · February 19, 2018 ⸺
“BoE's Carney Says Bitcoin Has Pretty Much Failed As Currency”
— Reuters, Paul Singer
““When the history is written, cryptocurrencies will likely be described as one of the most brilliant scams in history,” Singer said in a letter to clients dated January, which was first reported by Business Insider.”
Price at death
$11,160
Today
$73,594
Resurrection
×6.6
On 2018-02-19, Paul Singer (Hedge Fund Manager) declared Bitcoin dead via Reuters. Bitcoin was trading at ~$11,160 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 19, 2018, when one Bitcoin traded for approximately $11,160. Since then, Bitcoin has appreciated by 6.6× relative to the price on the day Reuters pronounced it finished.