⸺ Obituary · April 12, 2023 ⸺

“Warren Buffett Criticizes Bitcoin, Says It 'Doesn't Have Any Intrinsic Value'”

Fox Business

Warren Buffett

Photo: U.S. International Trade Administration (public domain), via Wikimedia Commons

“Bitcoin is a gambling token, and it doesn’t have any intrinsic value.”

Price at death

$30,139

Today

$61,577

Resurrection

×2.0

On 2023-04-12, Warren Buffett (CEO, Berkshire Hathaway) declared Bitcoin dead via Fox Business. Bitcoin was trading at ~$30,139 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on April 12, 2023, when one Bitcoin traded for approximately $30,139. Since then, Bitcoin has appreciated by 2.0× relative to the price on the day Fox Business pronounced it finished.

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