⸺ Obituary · August 20, 2017 ⸺
“Bitcoin Is Still Just A Speculative Asset”
— X (Twitter), Steve Hanke
“Despite being valued at more than $4,500, #Bitcoin is still just a speculative asset.”
Price at death
$4,111
Today
$73,594
Resurrection
×17.9
On 2017-08-20, Steve Hanke (Economist and Professor, Johns Hopkins University) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$4,111 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 20, 2017, when one Bitcoin traded for approximately $4,111. Since then, Bitcoin has appreciated by 17.9× relative to the price on the day X (Twitter) pronounced it finished.