⸺ Obituary · May 19, 2019 ⸺
“Buying Bitcoin Is A Fool's Game”
Steve Hanke
Photo: Macroguy7979 (CC BY-SA 4.0), via Wikimedia Commons
“Don’t be fooled by #bitcoin’s recent bump. Buying bitcoin is a fool’s game.”
Price at death
$8,189
Today
$61,577
Resurrection
×7.5
On 2019-05-19, Steve Hanke (Economist and Professor, Johns Hopkins University) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$8,189 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 19, 2019, when one Bitcoin traded for approximately $8,189. Since then, Bitcoin has appreciated by 7.5× relative to the price on the day Crypto Twitter (X) pronounced it finished.
