⸺ Obituary · November 15, 2021 ⸺
“Bitcoin Is Just Like AOL; It Won’t Win the Race for Best Cryptocurrency”
— The White Coat Investor, Jim M. Dahle
“One thing I cannot understand is why the market (i.e. all the people speculating in cryptocurrency) does not yet recognize that there is no way that Bitcoin is going to be the winner of this technological race.”
Price at death
$63,600
Today
$73,490
Resurrection
×1.2
On 2021-11-15, Jim M. Dahle (Founder, White Coat Investor) declared Bitcoin dead via The White Coat Investor. Bitcoin was trading at ~$63,600 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 15, 2021, when one Bitcoin traded for approximately $63,600. Since then, Bitcoin has appreciated by 16% relative to the price on the day The White Coat Investor pronounced it finished.