⸺ Obituary · May 7, 2018 ⸺
“They Come To An End”
— CNBC, Warren Buffett
“If you and I buy various cryptocurrencies, they're not going to multiply. There are not going to be a bunch of rabbits sitting there in front of us. They're just gonna sit there. And I gotta hope next time you get more excited after I've bought if from you and then I'll get more excited and buy it from you. We could sit in the house by ourselves and we could keep running up the price between us. But at the end of the time there's one Bitcoin sitting there and now we've gotta find somebody else. They come to an end.”
Price at death
$9,363
Today
$73,594
Resurrection
×7.9
On 2018-05-07, Warren Buffett (CEO, Berkshire Hathaway) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$9,363 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 7, 2018, when one Bitcoin traded for approximately $9,363. Since then, Bitcoin has appreciated by 7.9× relative to the price on the day CNBC pronounced it finished.