⸺ Obituary · July 12, 2017 ⸺
“Bitcoin Acceptance Is Virtually Zero And Shrinking”
— Yahoo Finance, James Faucette
“A research note out Wednesday by a group of analysts at Morgan Stanley led by James E Faucette said “bitcoin acceptance is virtually zero and shrinking,” despite its impressive appreciation.”
Price at death
$2,423
Today
$73,594
Resurrection
×30.4
On 2017-07-12, James Faucette (Analyst, Morgan Stanley) declared Bitcoin dead via Yahoo Finance. Bitcoin was trading at ~$2,423 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 12, 2017, when one Bitcoin traded for approximately $2,423. Since then, Bitcoin has appreciated by 30.4× relative to the price on the day Yahoo Finance pronounced it finished.