⸺ Obituary · April 12, 2013 ⸺
“The Bitcoin Bubble Has Burst”
— Whistling In The Wind, Robert Nielsen
“Well it has finally happened. We looked at those charts of ever rising price of bitcoin and said this cannot last, and it hasn’t. The bitcoin bubble has finally peaked and now all that is left is to watch its steady and inexorable decline. So what now for bitcoin? It will crash and disappear like Pets.com, Leheman Brothers, and Anglo Irish Bank, existing only in the memories of economists.”
Price at death
$117
Today
$73,594
Resurrection
×629
On 2013-04-12, Robert Nielsen (Blogger) declared Bitcoin dead via Whistling In The Wind. Bitcoin was trading at ~$117 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 12, 2013, when one Bitcoin traded for approximately $117. Since then, Bitcoin has appreciated by 629× relative to the price on the day Whistling In The Wind pronounced it finished.