⸺ Obituary · December 24, 2020 ⸺
“The Price Of Bitcoin Is Totally Manipulated”
Nouriel Roubini
Photo: Fronteiras do Pensamento (CC BY-SA 2.0), via Wikimedia Commons
“The price of Bitcoin is totally manipulated by a bunch of people, by a bunch of whales. It doesn’t have any fundamental value,” he said. “We’re close to the point where the hyperbolic bubble is going to go bust.”
Price at death
$23,730
Today
$61,577
Resurrection
×2.6
On 2020-12-24, Nouriel Roubini (Economist and Professor, NYU) declared Bitcoin dead via Yahoo. Bitcoin was trading at ~$23,730 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 24, 2020, when one Bitcoin traded for approximately $23,730. Since then, Bitcoin has appreciated by 2.6× relative to the price on the day Yahoo pronounced it finished.
