⸺ Obituary · May 5, 2018 ⸺
“Warren Buffett Says Bitcoin Is Probably Rat Poison Squared”
— CNBC, Warren Buffett
“Bitcoin is “probably rat poison squared.”
Price at death
$9,827
Today
$73,594
Resurrection
×7.5
On 2018-05-05, Warren Buffett (CEO, Berkshire Hathaway) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$9,827 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 5, 2018, when one Bitcoin traded for approximately $9,827. Since then, Bitcoin has appreciated by 7.5× relative to the price on the day CNBC pronounced it finished.