Newsweek, Oct 12, 2016
Newsweek
“IS BITCOIN DOOMED?”
BTC that day: $638 (daily close)
$100 that day is worth $12,177 today (latest saved close, Nov 1, 2026)
Source (archived copy on web.archive.org; original link)Share on X
What bitcoin did next
- Highest close before that day: $1,137 on Dec 5, 2013, so it was 44% below that high when this ran.
- Lowest close after it: $628 on Oct 20, 2016 (−2% from that day).
- One year later (Oct 12, 2017): $4,822 (+655%).
- Latest saved close (Nov 1, 2026): $77,727 (+12,077%), 3,672 days later.
Daily closes (UTC) from our saved history; no fees. Past prices don't predict future ones.
Other 2016 obituaries (5)
- WSJ, Jun 6, 2016: “Bitcoin’s Rallying Again—But Isn’t Getting Much Attention Anymore”
- Motherboard, Jul 21, 2016: “Why Ethereum Succeeded Where Bitcoin Failed”
- Quartz, Aug 30, 2016: “How Bitcoin was brought down by its own potential—and the banks”
- Bloomberg Gadfly, Nov 3, 2016: “Bitcoin’s at It Again”
- Fortune, Dec 7, 2016: “Why This Well-Funded Startup Just Gave Up on Bitcoin”
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Quote is the publication's own headline words, checked against the original page or an archived copy. Prices are daily closes (UTC); “worth today” uses the live Coinbase price or the latest saved close. Not financial advice.