⸺ Obituary · December 2, 2017 ⸺
“When This Happens, Bitcoin Could Be Doomed”
— The Motley Fool, Sean Williams
“For those who may not recall, bitcoin upgraded its blockchain four months ago, boosting its capacity while lowering transaction fees and settlement times. This was done to attract big businesses, but there’s nothing to guarantee that bitcoin’s blockchain will be the preferred choice when there are so many other choices.”
Price at death
$10,895
Today
$73,565
Resurrection
×6.8
On 2017-12-02, Sean Williams (Investor) declared Bitcoin dead via The Motley Fool. Bitcoin was trading at ~$10,895 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 2, 2017, when one Bitcoin traded for approximately $10,895. Since then, Bitcoin has appreciated by 6.8× relative to the price on the day The Motley Fool pronounced it finished.