{"name":"Bitcoin Is Dead","attribution":"Source: Bitcoin Is Dead (https://bitcoindeaths.com)","totalObituaries":482,"matched":1,"returned":1,"query":{"search":"","year":"","person":"","publication":"","sort":"newest","slug":"2018-06-15-bitcoins-greater-fools-go-into-hiding","limit":5},"notes":"statementDate is the original publication date; addedOn is when the record entered this archive. Historical prices are USD snapshots, not investment returns. Inclusion records criticism, not a verdict that every claim is false.","terms":"https://bitcoindeaths.com/terms","documentation":"https://bitcoindeaths.com/data#lookup","records":[{"slug":"2018-06-15-bitcoins-greater-fools-go-into-hiding","title":"Bitcoin's Greater Fools Go Into Hiding","quote":"The historical record of Bitcoin suggests its greatest leaps are made thanks to speculation, rather than to any real progress in utility or technology. Bitcoin’s rise to $19,000 from $6,500 at the end of 2017 was fueled by the belief that the price was only ever going to go up. There was no evidence of any increased adoption in the real world — if anything, the heuristics of Bitcoin trading called for hoarding, or HODLing, to sit on the gains.","person":"Lionel Laurent","jobTitle":"Columnist, Bloomberg Opinion","publication":"Bloomberg","statementDate":"2018-06-15","bitcoinPriceUsd":6410.72,"addedOn":null,"updatedOn":null,"citationUrl":"https://bitcoindeaths.com/posts/2018-06-15-bitcoins-greater-fools-go-into-hiding","sourceUrl":"https://www.bloomberg.com/view/articles/2018-06-15/bitcoin-greater-fools-and-the-big-short","archiveUrl":"https://web.archive.org/web/20180615175150/https://www.bloomberg.com/view/articles/2018-06-15/bitcoin-greater-fools-and-the-big-short"}]}