⸺ Obituary · July 28, 2017 ⸺
“Cryptocurrencies Will Be The Architects Of Their Own Demise”
Tom Keatinge
“Perhaps contrary to the traditional view, therefore, it is unlikely that, as currently conceived, cryptocurrencies will attain the status that the hype would have you believe. They will certainly be revolutionary, but most likely in a manner that will trigger their own demise, or at least relegate their use to those who want to operate outside the legal financial system.”
Price at death
$2,805
Today
$61,577
Resurrection
×22.0
On 2017-07-28, Tom Keatinge (Financial Crime Researcher) declared Bitcoin dead via Rusi. Bitcoin was trading at ~$2,805 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 28, 2017, when one Bitcoin traded for approximately $2,805. Since then, Bitcoin has appreciated by 22.0× relative to the price on the day Rusi pronounced it finished.