⸺ Obituary · January 31, 2021 ⸺

“Bitcoin Is Nothing”

The Wall Street Journal

Andy Kessler

“Bitcoin is nothing, it’s vapor, a concept of an idea. Transactions using bitcoin are few and far between. It’s not a store of value—anything that drops 30% in a week can’t play that role.”

Price at death

$33,130

Today

$61,577

Resurrection

×1.9

On 2021-01-31, Andy Kessler (Businessman, Investor, and Author) declared Bitcoin dead via Wall Street Journal. Bitcoin was trading at ~$33,130 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on January 31, 2021, when one Bitcoin traded for approximately $33,130. Since then, Bitcoin has appreciated by 86% relative to the price on the day The Wall Street Journal pronounced it finished.

Read the original →

← Earlier death

“Bitcoin Is an Incredibly Dirty Business”

Later death →

“Bitcoin Too Volatile to be Medium of Exchange, Goldman Sachs Says”

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