⸺ 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
$73,520
Resurrection
×415
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 415× relative to the price on the day The Washington Post pronounced it finished.