⸺ Obituary · May 19, 2019 ⸺
“Buying Bitcoin Is A Fool's Game”
— X (Twitter), Steve Hanke
“Don’t be fooled by #bitcoin’s recent bump. Buying bitcoin is a fool’s game.”
Price at death
$8,189
Today
$73,594
Resurrection
×9.0
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 9.0× relative to the price on the day X (Twitter) pronounced it finished.