⸺ Obituary · September 7, 2021 ⸺
“The Whales Want Out”
Peter Schiff
Photo: Gage Skidmore (CC BY-SA 3.0), via Wikimedia Commons
“The idea that #Bitcoin whales deliberately tank the market to shake out the little guys to get their coins is nonsense. The whales don't want the minnows to sell, they want them holding and hoping and buying the dip. The whales want out. They're fishing for dollars, not Bitcoin.”
Price at death
$46,856
Today
$61,577
Resurrection
×1.3
On 2021-09-07, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$46,856 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 7, 2021, when one Bitcoin traded for approximately $46,856. Since then, Bitcoin has appreciated by 31% relative to the price on the day Crypto Twitter (X) pronounced it finished.