⸺ Obituary · November 27, 2013 ⸺
“A Prediction: Bitcoin Is Doomed To Fail”
— The New York Times, Edward Hadas
“The developers of bitcoin are trying to show that money can be successfully privatized. They will fail, because money that is not issued by governments is always doomed to failure.”
Price at death
$948
Today
$73,562
Resurrection
×77.6
On 2013-11-27, Edward Hadas (Economics Editor, Thomson Reuters) declared Bitcoin dead via The New York Times. Bitcoin was trading at ~$948 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 27, 2013, when one Bitcoin traded for approximately $948. Since then, Bitcoin has appreciated by 77.6× relative to the price on the day The New York Times pronounced it finished.