⸺ Obituary · July 27, 2021 ⸺
“Bitcoin Will NEVER Be Considered A Currency”
— X (Twitter), Steve Hanke
“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
$73,484
Resurrection
×1.9
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 86% relative to the price on the day X (Twitter) pronounced it finished.