⸺ Obituary · January 24, 2022 ⸺
“Bitcoin Is Just a Crappy Tech Stock Now”
— Slate, Jordan Weissmann
“Originally, Bitcoin was supposed to be a currency. Then, it was supposed to be a hedge against inflation, a sort of digital gold. But as the great crypto market crash of the last three months has begun to unfold, it’s started to look like something much more mundane: a crappy tech stock.”
Price at death
$36,703
Today
$73,594
Resurrection
×2.0
On 2022-01-24, Jordan Weissmann (Senior Editor, Slate) declared Bitcoin dead via Slate. Bitcoin was trading at ~$36,703 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 24, 2022, when one Bitcoin traded for approximately $36,703. Since then, Bitcoin has appreciated by 2.0× relative to the price on the day Slate pronounced it finished.