⸺ Obituary · February 22, 2015 ⸺
“Five Reasons Bitcoin Revolution Is Over”
— Sputnik News, Andre Alessandro
“Bitcoin will fail, not for fans lack of trying, but rather its status will never be more than an interesting concept championed by those in the techie or libertarian camp. Holding Bitcoin is more of a political expression rather than a sound economic investment. . . . Ultimately, Bitcoin will be relegated to the history books unless structural changes are made. It will never be fully adopted in its current form, being nothing more than a neat concept for people to lose money on.”
Price at death
$236
Today
$73,565
Resurrection
×312
On 2015-02-22, Andre Alessandro (Author) declared Bitcoin dead via Sputnik News. Bitcoin was trading at ~$236 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 22, 2015, when one Bitcoin traded for approximately $236. Since then, Bitcoin has appreciated by 312× relative to the price on the day Sputnik News pronounced it finished.