⸺ Obituary · April 21, 2021 ⸺
“Bitcoin Inches Closer To Extinction”
— The Manila Times, Ben Kritz
“Even if it does not amount to much in a practical sense, what Turkey’s move does represent is another nail in cryptocurrency’s coffin. Those nails have been hammered in at an accelerating pace; China has had a ban on Bitcoin trading in place since 2017, Nigeria banned cryptocurrencies in February this year, and India is preparing to impose what will be one of the world’s strictest bans on cryptocurrencies, including fines on those trading and holding assets.”
Price at death
$53,812
Today
$73,554
Resurrection
×1.4
On 2021-04-21, Ben Kritz (Columnist, The Manila Times) declared Bitcoin dead via The Manila Times. Bitcoin was trading at ~$53,812 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 21, 2021, when one Bitcoin traded for approximately $53,812. Since then, Bitcoin has appreciated by 37% relative to the price on the day The Manila Times pronounced it finished.