⸺ Obituary · March 13, 2020 ⸺
“Bitcoin Just Failed the Coronavirus Test”
— The Motley Fool, Dan Caplinger
“The knee-jerk explanation from many financial experts for bitcoin's plunge was that cryptocurrencies had essentially lost their safe-haven status and were once again perceived as a risky asset. That's inconsistent with the basic investing thesis many cryptocurrency investors have in justifying their bitcoin holdings, and if it's true, it would potentially be a big blow to the idea that bitcoin offers a safe alternative to fiat currencies and assets that are tied to those currencies.”
Price at death
$5,630
Today
$73,594
Resurrection
×13.1
On 2020-03-13, Dan Caplinger (Estate Attorney, Financial Planner) declared Bitcoin dead via The Motley Fool. Bitcoin was trading at ~$5,630 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 13, 2020, when one Bitcoin traded for approximately $5,630. Since then, Bitcoin has appreciated by 13.1× relative to the price on the day The Motley Fool pronounced it finished.