⸺ Obituary · March 8, 2016 ⸺
“Performing An Autopsy On The Bitcoin”
Roger Arnold
“The best analogy, although not perfect, for the demise of bitcoin vs. Ethereum and the other unlimited blockchain technologies being developed for commercial application is that of the experience of digital audio tapes (DATs) vs. the compact disk technology of the mid-1980s.”
Price at death
$412
Today
$61,577
Resurrection
×150
On 2016-03-08, Roger Arnold (Professor) declared Bitcoin dead via TheStreet. Bitcoin was trading at ~$412 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 8, 2016, when one Bitcoin traded for approximately $412. Since then, Bitcoin has appreciated by 150× relative to the price on the day TheStreet pronounced it finished.
