⸺ Obituary · December 11, 2018 ⸺
“Good News: Bitcoin Is Becoming Worthless”
— TreeHugger, Ilana Strauss
“We’ve known bitcoin was dropping for a while, but the nails are really going in the coffin now. It costs $5,000 to make a bitcoin. But bitcoin is now only selling for $6,000. If this pattern keeps up, it’ll soon cost more to make bitcoin than bitcoins are actually worth, meaning nobody will bother making them anymore. Bitcoin is a colossal waste of energy that will soon be no more. Good riddance.”
Price at death
$3,378
Today
$73,495
Resurrection
×21.8
On 2018-12-11, Ilana Strauss (Writer) declared Bitcoin dead via TreeHugger. Bitcoin was trading at ~$3,378 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 11, 2018, when one Bitcoin traded for approximately $3,378. Since then, Bitcoin has appreciated by 21.8× relative to the price on the day TreeHugger pronounced it finished.