⸺ Obituary · January 26, 2017 ⸺
“Bitcoin Is A Bubble We’ve Seen Before”
— Tom McClellan, Tom McClellan
“So if you are “holding” any Bitcoins (not that anyone can actually hold something so ethereal), your moment to exit and flee is rapidly approaching.”
Price at death
$915
Today
$73,538
Resurrection
×80.4
On 2017-01-26, Tom McClellan (Financial Analyst) declared Bitcoin dead via Tom McClellan. Bitcoin was trading at ~$915 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 26, 2017, when one Bitcoin traded for approximately $915. Since then, Bitcoin has appreciated by 80.4× relative to the price on the day Tom McClellan pronounced it finished.