⸺ Obituary · September 18, 2021 ⸺
“Bitcoin Will Never Be Considered A Currency”
Steve Hanke
Photo: Macroguy7979 (CC BY-SA 4.0), via Wikimedia Commons
“Many people believe that #Bitcoin is the "currency of the future." However, Bitcoin's volatility should punctuate the fact that it will NEVER be considered a currency. #BTC is just a highly speculative asset, and anyone who believes otherwise is living in fantasyland.”
Price at death
$48,315
Today
$61,577
Resurrection
×1.3
On 2021-09-18, Steve Hanke (Economist and Professor, Johns Hopkins University) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$48,315 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 18, 2021, when one Bitcoin traded for approximately $48,315. Since then, Bitcoin has appreciated by 27% relative to the price on the day Crypto Twitter (X) pronounced it finished.
