⸺ Obituary · September 28, 2017 ⸺
“Bitcoin's Fabulous Rise Will Eventually End In Tears”
Bill Harris
“Cryptocurrencies are going up because they are going up; they are the Kardashians of the financial world; famous for being famous. But fame does not last forever, nor do market manias. Then the very same very wise, high profile and analytical financial observers will then try to convince us that they were the first to warn us!”
Price at death
$4,185
Today
$61,577
Resurrection
×14.7
On 2017-09-28, Bill Harris (Former CEO, PayPal) declared Bitcoin dead via South China Morning Post. Bitcoin was trading at ~$4,185 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 28, 2017, when one Bitcoin traded for approximately $4,185. Since then, Bitcoin has appreciated by 14.7× relative to the price on the day South China Morning Post pronounced it finished.
