⸺ Obituary · August 13, 2018 ⸺

“You Are Transferring Nothing”

Crypto Twitter (X)

Peter Schiff

Photo: Gage Skidmore (CC BY-SA 3.0), via Wikimedia Commons

“Bitcoin is great to transfer, but not for buying stuff. The reason it’s so easy to transfer is that you are transferring nothing. Actual value is harder to transfer.”

Price at death

$6,252

Today

$61,577

Resurrection

×9.8

On 2018-08-13, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$6,252 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on August 13, 2018, when one Bitcoin traded for approximately $6,252. Since then, Bitcoin has appreciated by 9.8× relative to the price on the day Crypto Twitter (X) pronounced it finished.

Read the original →

← Earlier death

“Why I’m A Crypto Skeptic”

Later death →

“Interest In Bitcoin Is Waining”

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