⸺ Obituary · March 6, 2016 ⸺

“Dumb Investment Of The Week: Bitcoin Investment Trust”

Seeking Alpha

Ben Strubel

“Bitcoins are a digital Ponzi scheme, not a digital cryptocurrency. Investors would be wise to steer clear of bitcoins and any other digital currencies.”

Price at death

$405

Today

$61,577

Resurrection

×152

On 2016-03-06, Ben Strubel (Wealth Manager) declared Bitcoin dead via Seeking Alpha. Bitcoin was trading at ~$405 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on March 6, 2016, when one Bitcoin traded for approximately $405. Since then, Bitcoin has appreciated by 152× relative to the price on the day Seeking Alpha pronounced it finished.

Read the original →

← Earlier death

“The Crisis In Bitcoin And The Rise Of Blockchain”

Later death →

“Death Sentence For The World’s Most Popular Cryptocurrency”

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