⸺ Obituary · June 15, 2022 ⸺
“The Crypto Crash Proves It – Bitcoin's Libertarian Dream Is Over”
— The Telegraph, James Titcomb
“As cryptocurrency companies come under closer scrutiny, they will start looking less representative of the libertarian ideal on which Bitcoin was founded and more like the ageing banks it was meant to replace. At that point, we might start to wonder where its value comes from. If a couple of companies have the power to crash the entire market, Bitcoin does not look so free after all.”
Price at death
$22,562
Today
$73,505
Resurrection
×3.3
On 2022-06-15, James Titcomb (Technology Editor, The Telegraph) declared Bitcoin dead via Telegraph. Bitcoin was trading at ~$22,562 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 15, 2022, when one Bitcoin traded for approximately $22,562. Since then, Bitcoin has appreciated by 3.3× relative to the price on the day The Telegraph pronounced it finished.