CNBC, Sep 15, 2017
CNBC
“JPMorgan’s top quant strategist, echoing CEO, compares bitcoin to ‘pyramid scheme’”
BTC that day: $3,216 (daily close)
$100 that day is worth $2,417 today (latest saved close, Nov 1, 2026)
What bitcoin did next
- Highest close before that day: $4,908 on Sep 2, 2017, so it was 34% below that high when this ran.
- Bitcoin never closed lower than that day's price again (through Nov 1, 2026).
- One year later (Sep 15, 2018): $6,487 (+102%).
- Latest saved close (Nov 1, 2026): $77,727 (+2,317%), 3,334 days later.
Daily closes (UTC) from our saved history; no fees. Past prices don't predict future ones.
Other 2017 obituaries (36)
- WIRED, Jan 6, 2017: “Bitcoin Will Never Be a Currency—It’s Something Way Weirder”
- BusinessInsider, Feb 24, 2017: “A leading economist explains why bitcoin isn’t money”
- Yahoo Finance, Jul 12, 2017: “Bitcoin acceptance is virtually zero and shrinking”
- CoinDesk, Aug 17, 2017: “Bitcoin Bear Peter Schiff Doubles Down: Even at $4,000 It’s Still a ‘Bubble’”
- Forbes, Aug 23, 2017: “Big Governments Will Crush Bitcoin, But Won’t Kill It”
- Forbes, Sep 9, 2017: “Why China Crushed Bitcoin”
All 37 from 2017 on the timeline
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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.