⸺ Obituary · October 28, 2017 ⸺
“Inside Warren Buffett’s Master Class On Bitcoin”
— MarketWatch, Warren Buffett
“People get excited from big price movements, and Wall Street accommodates…you can’t value Bitcoin because it’s not a value-producing asset.” It’s a “real bubble.”
Price at death
$5,733
Today
$73,594
Resurrection
×12.8
On 2017-10-28, Warren Buffett (CEO, Berkshire Hathaway) declared Bitcoin dead via MarketWatch. Bitcoin was trading at ~$5,733 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 28, 2017, when one Bitcoin traded for approximately $5,733. Since then, Bitcoin has appreciated by 12.8× relative to the price on the day MarketWatch pronounced it finished.