⸺ Obituary · November 27, 2018 ⸺
“Don't Be Tricked, Buying Bitcoin Is A Fool”
Steve Hanke
Photo: Macroguy7979 (CC BY-SA 4.0), via Wikimedia Commons
“Bitcoin is down below $4,000./ BTC from nearly $20,000/BTC a year ago. Bitcoin is all about speculation. Don’t be tricked, buying bitcoin is a fool’s game.”
Price at death
$3,800
Today
$61,577
Resurrection
×16.2
On 2018-11-27, Steve Hanke (Economist and Professor, Johns Hopkins University) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$3,800 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 27, 2018, when one Bitcoin traded for approximately $3,800. Since then, Bitcoin has appreciated by 16.2× relative to the price on the day Crypto Twitter (X) pronounced it finished.
