⸺ Obituary · February 6, 2019 ⸺
“There's No Good Reason To Trust Blockchain Technology”
— Wired, Bruce Schneier
“Honestly, cryptocurrencies are useless. They’re only used by speculators looking for quick riches, people who don’t like government-backed currencies, and criminals who want a black-market way to exchange money.”
Price at death
$3,394
Today
$73,554
Resurrection
×21.7
On 2019-02-06, Bruce Schneier (Cryptographer) declared Bitcoin dead via Wired. Bitcoin was trading at ~$3,394 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 6, 2019, when one Bitcoin traded for approximately $3,394. Since then, Bitcoin has appreciated by 21.7× relative to the price on the day Wired pronounced it finished.