⸺ Obituary · February 16, 2022 ⸺
“Charlie Munger Compares Crypto To ‘Venereal Disease,’ Warns Of Inflation Danger”
— MarketWatch, Charlie Munger
“I wish it had been banned immediately. I admire the Chinese for banning it. I think they were right and we were wrong to allow it.”
Price at death
$43,901
Today
$73,562
Resurrection
×1.7
On 2022-02-16, Charlie Munger (Vice Chairman, Berkshire Hathaway) declared Bitcoin dead via MarketWatch. Bitcoin was trading at ~$43,901 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 16, 2022, when one Bitcoin traded for approximately $43,901. Since then, Bitcoin has appreciated by 68% relative to the price on the day MarketWatch pronounced it finished.