⸺ Obituary · March 4, 2020 ⸺
“It Has No Intrinsic Value”
— U.Today, Andrew Bailey
“If you wanna buy Bitcoin, be prepared to lose all your money. If you wanna buy it — buy it, but understand what’s you’ve got. It has no intrinsic value.”
Price at death
$8,768
Today
$73,594
Resurrection
×8.4
On 2020-03-04, Andrew Bailey (Govenor, Britain's Central Bank) declared Bitcoin dead via U.Today. Bitcoin was trading at ~$8,768 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 4, 2020, when one Bitcoin traded for approximately $8,768. Since then, Bitcoin has appreciated by 8.4× relative to the price on the day U.Today pronounced it finished.