⸺ Obituary · March 23, 2021 ⸺
“Bitcoin: You're Buying Obsolescence, And The Fall Will Be Hard”
— Seeking Alpha, J.G. Collins
“Cryptocurrency is here to stay, but Bitcoin and its clones will be obsolete, probably within this decade. Once the fall starts, it will come hard and fast.”
Price at death
$54,343
Today
$73,565
Resurrection
×1.4
On 2021-03-23, J.G. Collins (Managing Director, The Stuyvesant Square Consultancy) declared Bitcoin dead via Seeking Alpha. Bitcoin was trading at ~$54,343 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 23, 2021, when one Bitcoin traded for approximately $54,343. Since then, Bitcoin has appreciated by 35% relative to the price on the day Seeking Alpha pronounced it finished.