⸺ Obituary · July 27, 2021 ⸺
“Bitcoin Will NEVER Be Considered A Currency”
Steve Hanke
Photo: Macroguy7979 (CC BY-SA 4.0), via Wikimedia Commons
“Wildly volatile, highly speculative, and fundamentally worthless. #Bitcoin will NEVER be considered a currency. Are the #BTC evangelists and enthusiasts blindly digging their own graves?”
Price at death
$39,490
Today
$61,577
Resurrection
×1.6
On 2021-07-27, Steve Hanke (Economist and Professor, Johns Hopkins University) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$39,490 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 27, 2021, when one Bitcoin traded for approximately $39,490. Since then, Bitcoin has appreciated by 56% relative to the price on the day Crypto Twitter (X) pronounced it finished.
