⸺ Obituary · February 12, 2021 ⸺

“Bitcoin Is A Failure”

Crypto Twitter (X)

Nassim Nicholas Taleb

Photo: Sarah Josephine Taleb (CC BY-SA 3.0), via Wikimedia Commons

“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

$61,577

Resurrection

×1.3

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 30% relative to the price on the day Crypto Twitter (X) pronounced it finished.

Read the original →

← Earlier death

“The Fundamental Value Of Bitcoin Is Zero”

Later death →

“Bitcoin Above $51,000 Is Unsustainable Unless Volatility Subsides”

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