⸺ Obituary · May 27, 2019 ⸺
“Bitcoin Will Likely Be Replaced By A New Technology”
— X (Twitter), Jason Calacanis
“My position remains the same. #Bitcoin will likely be replaced by a new technology and it’s manipulated. It’s possible it’s built to last, but not probable, so keep your position to an amount you’re willing to loose For most, that’s 1-5% of net worth It will likely go to 0-$500.”
Price at death
$8,783
Today
$73,594
Resurrection
×8.4
On 2019-05-27, Jason Calacanis (Internet Entrepreneur, Investor) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$8,783 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 27, 2019, when one Bitcoin traded for approximately $8,783. Since then, Bitcoin has appreciated by 8.4× relative to the price on the day X (Twitter) pronounced it finished.