⸺ Obituary · September 25, 2017 ⸺
“Bitcoin To Zero”
Bob Moriarty
“Bitcoin has absolutely no value now, and it’s going to cost people a lot of money. Okay, it’s gone from 4,700 to 3,500 in a week, and it’s going to go from 3,500 to zero. Now, it might go from 3,500 to 10,000 first, but it’s going to end up being zero. Bitcoin is a pseudocurrency. It’s no more suitable as money than salt or big round rocks.”
Price at death
$3,928
Today
$61,577
Resurrection
×15.7
On 2017-09-25, Bob Moriarty (Investor / Pilot) declared Bitcoin dead via Stockhouse.com. Bitcoin was trading at ~$3,928 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 25, 2017, when one Bitcoin traded for approximately $3,928. Since then, Bitcoin has appreciated by 15.7× relative to the price on the day Stockhouse.com pronounced it finished.