⸺ Obituary · March 3, 2021 ⸺
“Bitcoin: This Year I Stand To Make $200 Million More Than Elon Musk”
John Hawkins
“I think there is a good chance that over the next year the price of Bitcoin will drop towards its fundamental value, which is nothing... If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behaviour — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing, which means I will have done A$200 million better than Musk.”
Price at death
$50,422
Today
$61,577
Resurrection
×1.2
On 2021-03-03, John Hawkins (Professor, University of Canberra) declared Bitcoin dead via The Conversation. Bitcoin was trading at ~$50,422 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 3, 2021, when one Bitcoin traded for approximately $50,422. Since then, Bitcoin has appreciated by 22% relative to the price on the day The Conversation pronounced it finished.
