⸺ Obituary · August 8, 2024 ⸺
“Bitcoin Proves How Stupid It Is”
— The Washington Post, Drew Goins
“As if to put the final nail in the coffin, as if to bury once and for all any hopes of using cryptocurrencies as ‘digital gold,’ bitcoin dropped by 15 percent. It seems less like digital gold than a digital slot machine.”
Price at death
$62,674
Today
$73,562
Resurrection
×1.2
On 2024-08-08, Drew Goins (Assistant Op-Ed Editor, The Washington Post) declared Bitcoin dead via The Washington Post. Bitcoin was trading at ~$62,674 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 8, 2024, when one Bitcoin traded for approximately $62,674. Since then, Bitcoin has appreciated by 17% relative to the price on the day The Washington Post pronounced it finished.