⸺ Obituary · May 19, 2017 ⸺
“Bitcoins: Are You Kidding Me?”
— Seeking Alpha, John Lohr
“Some people will buy it as an “investment.” In my opinion, Monopoly money is safer.”
Price at death
$1,968
Today
$73,594
Resurrection
×37.4
On 2017-05-19, John Lohr (Investment Manager) declared Bitcoin dead via Seeking Alpha. Bitcoin was trading at ~$1,968 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 19, 2017, when one Bitcoin traded for approximately $1,968. Since then, Bitcoin has appreciated by 37.4× relative to the price on the day Seeking Alpha pronounced it finished.