⸺ Obituary · November 21, 2016 ⸺
“Bitcoin Was Supposed To Change The World. What Happened?”
Nathaniel Popper
““I think Bitcoin has stalled out,” said Nathaniel Popper, a reporter for the New York Times who wrote a book about Bitcoin in 2014. What went wrong? The Bitcoin community has been hampered by a dysfunctional culture that has grown increasingly hostile toward experimentation. That has made it difficult for the Bitcoin network to keep up with changing market demands.”
Price at death
$737
Today
$61,577
Resurrection
×83.6
On 2016-11-21, Nathaniel Popper (Reporter, The New York Times) declared Bitcoin dead via Vox. Bitcoin was trading at ~$737 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 21, 2016, when one Bitcoin traded for approximately $737. Since then, Bitcoin has appreciated by 83.6× relative to the price on the day Vox pronounced it finished.