⸺ Obituary · August 25, 2017 ⸺
“Here's How Bitcoin Will Collapse”
— TheStreet, Peter Schiff
“Bitcoin is a gigantic bubble ready to explode, according to Euro Pacific Capital CEO Peter Schiff.”
Price at death
$4,408
Today
$73,538
Resurrection
×16.7
On 2017-08-25, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via TheStreet. Bitcoin was trading at ~$4,408 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 25, 2017, when one Bitcoin traded for approximately $4,408. Since then, Bitcoin has appreciated by 16.7× relative to the price on the day TheStreet pronounced it finished.