⸺ Obituary · June 7, 2022 ⸺
“You Risk Losing Everything”
— X (Twitter), John Reed Stark
“Bitcoin is down 50% since November. You risk losing everything.”
Price at death
$29,566
Today
$73,505
Resurrection
×2.5
On 2022-06-07, John Reed Stark (Former Chief, SEC Office of Internet Enforcement) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$29,566 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 7, 2022, when one Bitcoin traded for approximately $29,566. Since then, Bitcoin has appreciated by 2.5× relative to the price on the day X (Twitter) pronounced it finished.