⸺ Obituary · May 14, 2019 ⸺
“Kevin O'Leary Calls Bitcoin ‘Garbage’”
— CNBC, Kevin O'Leary
“Bitcoin is essentially a “digital game” and is “worthless,” “Shark Tank” investor Kevin O'Leary told CNBC on Tuesday. “It is a useless currency,” O’Leary, chairman of O’Shares ETFs, said on “Squawk Box. "To me, it’s garbage, because you can’t get in and out of it in large amounts.””
Price at death
$7,978
Today
$73,495
Resurrection
×9.2
On 2019-05-14, Kevin O'Leary (Businessman) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$7,978 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 14, 2019, when one Bitcoin traded for approximately $7,978. Since then, Bitcoin has appreciated by 9.2× relative to the price on the day CNBC pronounced it finished.