⸺ Obituary · April 16, 2013 ⸺
“Useless As A Store Of Value”
— X (Twitter), David Heinemeier Hansson
“So to recap: Bitcoin has swung from $265 to $60 in less than a week. Useless as a store of value, seriously broken as even a txn currency.”
Price at death
$68
Today
$73,594
Resurrection
×1077
On 2013-04-16, David Heinemeier Hansson (Creator of Ruby on Rails, Founder & CTO at Basecamp & HEY) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$68 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 16, 2013, when one Bitcoin traded for approximately $68. Since then, Bitcoin has appreciated by 1077× relative to the price on the day X (Twitter) pronounced it finished.