⸺ Obituary · October 9, 2017 ⸺
“Bitcoin's Price Bubble Will Burst Under Government Pressure”
— The Guardian, Kenneth Rogoff
“My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse….it is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money.”
Price at death
$4,773
Today
$73,594
Resurrection
×15.4
On 2017-10-09, Kenneth Rogoff (Former Chief Economist of the IMF) declared Bitcoin dead via The Guardian. Bitcoin was trading at ~$4,773 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 9, 2017, when one Bitcoin traded for approximately $4,773. Since then, Bitcoin has appreciated by 15.4× relative to the price on the day The Guardian pronounced it finished.