⸺ Obituary · December 18, 2018 ⸺
“The Decline Is Fundamental, Unsolvable, And The End Of BTC”
Anthony Garcia
“Bitcoin is literally worth nothing. Bitcoin has no chance of success because it’s worthless. It has nothing backing it but an illusion; no gold or silver or even a decree that it’s legal tender. It has no intrinsic value and no one needs it. Bitcoin doesn’t actually have any intrinsic value of any sort backing it – only vague assertions of its potential usefulness in the future. Your currency is only worth what other people believe it’s worth and I’ll present a few reasons why Bitcoin will never be generally agreed upon as something of worth.”
Price at death
$3,704
Today
$61,577
Resurrection
×16.6
On 2018-12-18, Anthony Garcia (Financial Advisor) declared Bitcoin dead via Seeking Alpha. Bitcoin was trading at ~$3,704 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 18, 2018, when one Bitcoin traded for approximately $3,704. Since then, Bitcoin has appreciated by 16.6× relative to the price on the day Seeking Alpha pronounced it finished.
