⸺ Obituary · April 12, 2023 ⸺
“Warren Buffett Criticizes Bitcoin, Says It 'Doesn't Have Any Intrinsic Value'”
— Fox Business, Warren Buffett
“Bitcoin is a gambling token, and it doesn’t have any intrinsic value.”
Price at death
$30,139
Today
$73,565
Resurrection
×2.4
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 2.4× relative to the price on the day Fox Business pronounced it finished.