⸺ Obituary · June 15, 2021 ⸺

“The Brutal Truth About Bitcoin”

The New York Times

Eswar Prasad

“Bitcoin investors seem to be relying on the greater fool theory — all you need to profit from an investment is to find someone willing to buy the asset at an even higher price.”

Price at death

$40,161

Today

$61,577

Resurrection

×1.5

On 2021-06-15, Eswar Prasad (Professor, Cornell University) declared Bitcoin dead via The New York Times. Bitcoin was trading at ~$40,161 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on June 15, 2021, when one Bitcoin traded for approximately $40,161. Since then, Bitcoin has appreciated by 53% relative to the price on the day The New York Times pronounced it finished.

Read the original →

← Earlier death

“BIS Says "No Thanks" To Bitcoin For Payments”

Later death →

“BTC Is Worth Exactly Zero”

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