⸺ Obituary · February 11, 2014 ⸺
“Bitcoin Is Dead”
“All of which is why I’m convinced that while bitcoin (or something like it) is likely to hang around as a niche commodity for certain kinds of gray- and black-market transactions, Mt. Gox pretty much assures that the average consumer will never use it. Because there is no way for you to ever ensure that your bitcoins are completely safe. . . . The speculators may not realize it yet, but you can stick a fork in bitcoin. It’s done.”
Price at death
$669
Today
$61,577
Resurrection
×92.0
On 2014-02-11, The Weekly Standard declared Bitcoin dead. Bitcoin was trading at ~$669 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 11, 2014, when one Bitcoin traded for approximately $669. Since then, Bitcoin has appreciated by 92.0× relative to the price on the day The Weekly Standard pronounced it finished.