⸺ 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

$61,577

Resurrection

×7.7

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 7.7× relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

“Warren Buffett Says Bitcoin Is A ‘Gambling Device’”

Later death →

“Buying Bitcoin Is A Fool's Game”

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