⸺ Obituary · December 14, 2021 ⸺
“Bitcoin Could Become ‘Worthless’, Bank of England Warns”
— The Guardian, Thomas Belsham
“Simple game theory tells us that a process of backward induction should, really, at some point, induce the smart money to get out. And were that to happen, investors really should be prepared to lose everything. Eventually.”
Price at death
$48,385
Today
$73,507
Resurrection
×1.5
On 2021-12-14, Thomas Belsham (Media, Bank of England) declared Bitcoin dead via The Guardian. Bitcoin was trading at ~$48,385 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 14, 2021, when one Bitcoin traded for approximately $48,385. Since then, Bitcoin has appreciated by 52% relative to the price on the day The Guardian pronounced it finished.