⸺ Obituary · December 12, 2017 ⸺
“Bitcoin Is The Most Perfect Bubble Possible”
— The Washington Post, Matt O'Brien
“Bitcoin has become a Ponzi scheme for redistributing wealth from one libertarian to another. Actually, I would like to amend that a little bit: Bitcoin has now graduated to being a Ponzi scheme for redistributing wealth from one person to another.”
Price at death
$17,178
Today
$73,565
Resurrection
×4.3
On 2017-12-12, Matt O'Brien (Economics Reporter, The Washington Post) declared Bitcoin dead via The Washington Post. Bitcoin was trading at ~$17,178 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 12, 2017, when one Bitcoin traded for approximately $17,178. Since then, Bitcoin has appreciated by 4.3× relative to the price on the day The Washington Post pronounced it finished.