⸺ Obituary · December 18, 2020 ⸺
“Bitcoin Is A Ponzi”
— X (Twitter), Amy Castor
“The bitcoiners and trolls are out in force because they are terrified this entire house of cards is about to collapse, and it will. Bitcoin is a Ponzi, and all Ponzi schemes ultimately collapse under their own weight.”
Price at death
$23,133
Today
$73,594
Resurrection
×3.2
On 2020-12-18, Amy Castor (Finance Reporter) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$23,133 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 18, 2020, when one Bitcoin traded for approximately $23,133. Since then, Bitcoin has appreciated by 3.2× relative to the price on the day X (Twitter) pronounced it finished.