⸺ Obituary · April 19, 2016 ⸺
“‘Bitcoin Is Dead,’ Says Prominent Fintech Exec”
— Yahoo, Taavet Hinrikus
“If you ask Taavet Hinrikus, CEO of international-payments app TransferWise, “Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.””
Price at death
$436
Today
$73,532
Resurrection
×169
On 2016-04-19, Taavet Hinrikus (CEO, TransferWise) declared Bitcoin dead via Yahoo. Bitcoin was trading at ~$436 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 19, 2016, when one Bitcoin traded for approximately $436. Since then, Bitcoin has appreciated by 169× relative to the price on the day Yahoo pronounced it finished.