⸺ Obituary · February 25, 2019 ⸺
“Bitcoin Has No Unique Value At All”
— CNBC, Warren Buffett
““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
$73,594
Resurrection
×19.1
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 19.1× relative to the price on the day CNBC pronounced it finished.