⸺ Obituary · January 24, 2014 ⸺
“Bitcoin Is An Amazing Example Of A Bubble”
— Robert Shiller, Robert Shiller
““It is a bubble, there is no question about it…. It’s just an amazing example of a bubble.” He added that he’s “amazed by how people are so excited about it” and that he tells his students that “No, it’s not such a great idea.”
Price at death
$825
Today
$73,505
Resurrection
×89.1
On 2014-01-24, Robert Shiller (Nobel Prize Winning Economist) declared Bitcoin dead via Robert Shiller. Bitcoin was trading at ~$825 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 24, 2014, when one Bitcoin traded for approximately $825. Since then, Bitcoin has appreciated by 89.1× relative to the price on the day Robert Shiller pronounced it finished.