⸺ Obituary · December 16, 2014 ⸺
“Bitcoin’s Financial Network Is Doomed”
— The Washington Post, Henry Farrell
“But Bitcoin is doomed as a payments network — the very point at which it looks as though it is likely to be widely deployed is the point at which governments, like that of the United States, will crack down on it.”
Price at death
$326
Today
$73,594
Resurrection
×226
On 2014-12-16, Henry Farrell (Professor, Johns Hopkins) declared Bitcoin dead via The Washington Post. Bitcoin was trading at ~$326 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 16, 2014, when one Bitcoin traded for approximately $326. Since then, Bitcoin has appreciated by 226× relative to the price on the day The Washington Post pronounced it finished.