⸺ Obituary · May 1, 2021 ⸺
“Bitcoin Is Disgusting”
— CNBC, Charlie Munger
“I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”
Price at death
$57,836
Today
$73,594
Resurrection
×1.3
On 2021-05-01, Charlie Munger (Vice Chairman, Berkshire Hathaway) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$57,836 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 1, 2021, when one Bitcoin traded for approximately $57,836. Since then, Bitcoin has appreciated by 27% relative to the price on the day CNBC pronounced it finished.