⸺ 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
$73,565
Resurrection
×2.2
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 2.2× relative to the price on the day The Wall Street Journal pronounced it finished.