⸺ Obituary · April 11, 2013 ⸺
“Fool's Gold”
— Slate, Eric Posner
“Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.”
Price at death
$125
Today
$73,594
Resurrection
×589
On 2013-04-11, Eric Posner (Professor, University of Chicago Law School) declared Bitcoin dead via Slate. Bitcoin was trading at ~$125 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 11, 2013, when one Bitcoin traded for approximately $125. Since then, Bitcoin has appreciated by 589× relative to the price on the day Slate pronounced it finished.