⸺ Obituary · June 14, 2021 ⸺
“BIS Says "No Thanks" To Bitcoin For Payments”
— The Institutional Risk Analyst, R. Christopher Whalen
“The BIS decision hopefully serves as a wake-up call for all of the happy bitcoin enthusiasts who actually believe that this penny arcade version of “money” could ever survive in a significant way in the government-centric world of money and banking.”
Price at death
$40,519
Today
$73,594
Resurrection
×1.8
On 2021-06-14, R. Christopher Whalen (Investment Banker) declared Bitcoin dead via The Institutional Risk Analyst. Bitcoin was trading at ~$40,519 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 14, 2021, when one Bitcoin traded for approximately $40,519. Since then, Bitcoin has appreciated by 82% relative to the price on the day The Institutional Risk Analyst pronounced it finished.