⸺ Obituary · February 17, 2022 ⸺
“Bitcoin's Candle Will Soon Blow Out”
Peter Schiff
Photo: Gage Skidmore (CC BY-SA 3.0), via Wikimedia Commons
“People still fixated on #Bitcoin are living in the past. #Gold is the future. The last ten years are irrelevent to what will happen over the next. This is gold's time to shine. Bitcoin's candle will soon blow out. Bitcoin HODLers who fail to grasp the change will lose everything!”
Price at death
$40,559
Today
$61,577
Resurrection
×1.5
On 2022-02-17, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$40,559 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 17, 2022, when one Bitcoin traded for approximately $40,559. Since then, Bitcoin has appreciated by 52% relative to the price on the day Crypto Twitter (X) pronounced it finished.