⸺ Obituary · February 20, 2016 ⸺
“The Decline Of Bitcoin Shows You Can't Engineer Past Government”
— The Week, Ryan Cooper
“…the Bitcoin failure does illustrate that human institutions must have politics in addition to technical expertise. Try to engineer around politics, and it will flood back in the most atavistic and unscrupulous forms.”
Price at death
$437
Today
$73,594
Resurrection
×169
On 2016-02-20, Ryan Cooper (National Correspondent, The Week) declared Bitcoin dead via The Week. Bitcoin was trading at ~$437 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 20, 2016, when one Bitcoin traded for approximately $437. Since then, Bitcoin has appreciated by 169× relative to the price on the day The Week pronounced it finished.