⸺ Obituary · February 12, 2021 ⸺
“Bitcoin Is A Failure”
— X (Twitter), Nassim Nicholas Taleb
“I've been getting rid of my BTC. Why? A currency is never supposed to be more volatile than what you buy & sell with it. You can't price goods in BTC. In that respect, it's a failure (at least for now).”
Price at death
$47,410
Today
$73,554
Resurrection
×1.6
On 2021-02-12, Nassim Nicholas Taleb (Essayist, Scholar, Former Trader) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$47,410 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 12, 2021, when one Bitcoin traded for approximately $47,410. Since then, Bitcoin has appreciated by 55% relative to the price on the day X (Twitter) pronounced it finished.