⸺ Obituary · June 18, 2018 ⸺
“Bitcoin Is An Environmental Disaster And Could Bring The Internet To A Halt, Study Says”
— South China Morning Post, The Bank for International Settlements
“Bitcoin miners are using as much electricity as Switzerland, while the computing power needed to deal with bitcoin growth would eventually overwhelm all computers, the Bank of International Settlements said”
Price at death
$6,709
Today
$73,490
Resurrection
×11.0
On 2018-06-18, The Bank for International Settlements declared Bitcoin dead via South China Morning Post. Bitcoin was trading at ~$6,709 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 18, 2018, when one Bitcoin traded for approximately $6,709. Since then, Bitcoin has appreciated by 11.0× relative to the price on the day South China Morning Post pronounced it finished.