⸺ Obituary · May 20, 2013 ⸺
“Beware Of This Insidious New Currency Scam”
— Wall Street Daily
“Ultimately, it’s greed – not a genuine interest in a fundamentally stronger alternative to the status quo – that’s driving Bitcoin prices. So forget Bitcoin being a contender as an alternative currency. At best, it’s a speculative investment.”
Price at death
$122
Today
$73,594
Resurrection
×603
On 2013-05-20, Wall Street Daily declared Bitcoin dead. Bitcoin was trading at ~$122 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 20, 2013, when one Bitcoin traded for approximately $122. Since then, Bitcoin has appreciated by 603× relative to the price on the day Wall Street Daily pronounced it finished.