⸺ Obituary · December 8, 2017 ⸺
“A New Gold? Bitcoin Is More Like The Beanie Baby Bubble”
— The Telegraph, Zac Bissonette
“Bitcoin is more like a limited edition toy than an investment. It has no value except for the sheer hope that it will one day become valuable.”
Price at death
$16,057
Today
$73,565
Resurrection
×4.6
On 2017-12-08, Zac Bissonette (Economist) declared Bitcoin dead via The Telegraph. Bitcoin was trading at ~$16,057 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 8, 2017, when one Bitcoin traded for approximately $16,057. Since then, Bitcoin has appreciated by 4.6× relative to the price on the day The Telegraph pronounced it finished.