⸺ Obituary · May 18, 2022 ⸺
“Colapso Das Criptomoedas Expõe O Vazio De Promessa Libertária (Cryptocurrency Collapse Exposes Void Of Libertarian Promise)”
— Valor Econômico, Greg Ip
“Digital currencies sought to replace the financial system with one that was faster, cheaper, less under government control and more accessible to the poor, but they failed.”
Price at death
$30,298
Today
$73,577
Resurrection
×2.4
On 2022-05-18, Greg Ip (Chief Economics Commentator, The Wall Street Journal) declared Bitcoin dead via Valor Econômico. Bitcoin was trading at ~$30,298 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 18, 2022, when one Bitcoin traded for approximately $30,298. Since then, Bitcoin has appreciated by 2.4× relative to the price on the day Valor Econômico pronounced it finished.