⸺ Obituary · January 7, 2018 ⸺
“The Guardian View On Cryptocurrencies: A Greater Fool’s Gold”
— The Guardians
“The central paradox of all these currencies is that we’re told they have eliminated the need for trust between humans and replaced it by mathematical guarantees; but all their tradeable value depends on blind faith and ignorance of computer code.”
Price at death
$16,179
Today
$73,594
Resurrection
×4.5
On 2018-01-07, The Guardians declared Bitcoin dead. Bitcoin was trading at ~$16,179 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 7, 2018, when one Bitcoin traded for approximately $16,179. Since then, Bitcoin has appreciated by 4.5× relative to the price on the day The Guardians pronounced it finished.