⸺ Obituary · January 14, 2015 ⸺

“Bitcoin Revealed: A Ponzi Scheme For Redistributing Wealth From One Libertarian To Another”

The Washington Post

Matt O'Brien

“If Bitcoin were a currency, it’d be the worst-performing one in the world, worse even than the Russian ruble. But Bitcoin isn’t a currency. It’s a Ponzi scheme for redistributing wealth from one libertarian to another. . . . But in the long run, we’re all dead, and Bitcoin might be too.”

Price at death

$177

Today

$61,577

Resurrection

×347

On 2015-01-14, Matt O'Brien (Economics Reporter, The Washington Post) declared Bitcoin dead via The Washington Post. Bitcoin was trading at ~$177 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on January 14, 2015, when one Bitcoin traded for approximately $177. Since then, Bitcoin has appreciated by 347× relative to the price on the day The Washington Post pronounced it finished.

Read the original →

← Earlier death

“Is This The End Of Bitcoin?”

Later death →

“Bitcoin Is Getting Annihilated”

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