⸺ Obituary · February 21, 2016 ⸺
“Bitcoin Is Dead, Long Live The Blockchain”
— TheStreet, Roger Arnold
“Do not confuse Ethereum with Bitcoin. Bitcoin was never a viable blockchain platform for commerce. Ethereum is. I’ll not address here why Bitcoin is not viable…”
Price at death
$439
Today
$73,594
Resurrection
×168
On 2016-02-21, Roger Arnold (Professor) declared Bitcoin dead via TheStreet. Bitcoin was trading at ~$439 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 21, 2016, when one Bitcoin traded for approximately $439. Since then, Bitcoin has appreciated by 168× relative to the price on the day TheStreet pronounced it finished.