⸺ Obituary · July 2, 2019 ⸺
“It Will Get To Zero In Due Time”
Nouriel Roubini
Photo: Fronteiras do Pensamento (CC BY-SA 2.0), via Wikimedia Commons
“Indeed Bitcoin is now down below 10k. Has lost a third of its value in less than a week. Still a long way to less than zero as its true value is negative not zero given its toxic externalities! It will get to zero in due time.”
Price at death
$10,850
Today
$61,577
Resurrection
×5.7
On 2019-07-02, Nouriel Roubini (Economist and Professor, NYU) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$10,850 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 2, 2019, when one Bitcoin traded for approximately $10,850. Since then, Bitcoin has appreciated by 5.7× relative to the price on the day Crypto Twitter (X) pronounced it finished.
