⸺ Obituary · February 27, 2014 ⸺
“The Exact Date For Bitcoin’s Final Crash To $0.00”
— Wall Street Daily
“Bottom line: Bitcoin’s days are numbered. Literally. Williams predicts that Bitcoin “will trade for under $10″ by June 30, 2014. A bold prediction, no doubt. But the point is clear – Bitcoin doesn’t stand a chance at ever gaining widespread adoption.”
Price at death
$577
Today
$73,594
Resurrection
×128
On 2014-02-27, Wall Street Daily declared Bitcoin dead. Bitcoin was trading at ~$577 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 27, 2014, when one Bitcoin traded for approximately $577. Since then, Bitcoin has appreciated by 128× relative to the price on the day Wall Street Daily pronounced it finished.