⸺ Obituary · January 5, 2018 ⸺
“The Bitcoin Revolution Isn’t Coming. Here’s Why”
— South China Morning Post, David Dodwell
“But bitcoin and the like have the feel to me of beta-versions of the Model T Ford in the early days of motor cars. Fine for proof of concept, but too problem-laden to be useful to most of humanity.”
Price at death
$16,937
Today
$73,538
Resurrection
×4.3
On 2018-01-05, David Dodwell (Investor) declared Bitcoin dead via The South China Morning Post. Bitcoin was trading at ~$16,937 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 5, 2018, when one Bitcoin traded for approximately $16,937. Since then, Bitcoin has appreciated by 4.3× relative to the price on the day South China Morning Post pronounced it finished.