⸺ Obituary · February 25, 2019 ⸺

“Bitcoin Has No Unique Value At All”

CNBC

Warren Buffett

Photo: U.S. International Trade Administration (public domain), via Wikimedia Commons

““Bitcoin has no unique value at all,” Buffett told CNBC’s Becky Quick in a “Squawk Box” interview Monday. “It is a delusion, basically.””

Price at death

$3,852

Today

$61,577

Resurrection

×16.0

On 2019-02-25, Warren Buffett (CEO, Berkshire Hathaway) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$3,852 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on February 25, 2019, when one Bitcoin traded for approximately $3,852. Since then, Bitcoin has appreciated by 16.0× relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

“JPMorgan Just Killed The Bitcoin Dream”

Later death →

“The Case Of The Disappearing Bitcoin”

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