⸺ Obituary · January 2, 2021 ⸺
“Those Who Invest The Most Will Lose The Most”
Peter Schiff
Photo: Gage Skidmore (CC BY-SA 3.0), via Wikimedia Commons
“If you never sell your #Bitcoin, what difference does the price make? When it ultimately goes to zero, the percentage loss for all HODLers will be the same, 100%. The significant difference will be how much you pay, not the price. Those who “invest” the most will lose the most.”
Price at death
$32,198
Today
$61,577
Resurrection
×1.9
On 2021-01-02, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$32,198 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 2, 2021, when one Bitcoin traded for approximately $32,198. Since then, Bitcoin has appreciated by 91% relative to the price on the day Crypto Twitter (X) pronounced it finished.