⸺ Obituary · August 20, 2017 ⸺
“Bitcoin Is Still Just A Speculative Asset”
Steve Hanke
Photo: Macroguy7979 (CC BY-SA 4.0), via Wikimedia Commons
“Despite being valued at more than $4,500, #Bitcoin is still just a speculative asset.”
Price at death
$4,111
Today
$61,577
Resurrection
×15.0
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 15.0× relative to the price on the day Crypto Twitter (X) pronounced it finished.
