⸺ Obituary · November 23, 2017 ⸺
“The Guardian View On Cryptocurrencies: Blockchain Of Fools”
— The Guardian
“Even if they were widely accepted by legal merchants, it would at the moment be lunatic to exchange them for anything but real money. Bitcoin itself is trading at more than $8,000, more than 10 times its price a year ago, and more than double what it was three months ago. Since it is only widely used as a currency in drug deals or for ransom payments, there is either a huge boom in criminal activities outside the world of cryptocurrencies, or one within unregulated exchanges where these tokens are traded.”
Price at death
$8,003
Today
$73,594
Resurrection
×9.2
On 2017-11-23, The Guardian declared Bitcoin dead. Bitcoin was trading at ~$8,003 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 23, 2017, when one Bitcoin traded for approximately $8,003. Since then, Bitcoin has appreciated by 9.2× relative to the price on the day The Guardian pronounced it finished.