⸺ Obituary · January 10, 2018 ⸺
“Cryptocurrencies Will Come To A Bad Ending”
Warren Buffett
Photo: U.S. International Trade Administration (public domain), via Wikimedia Commons
“In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending. If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth.”
Price at death
$14,891
Today
$62,500
Resurrection
×4.2
On 2018-01-10, Warren Buffett (CEO, Berkshire Hathaway) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$14,891 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 10, 2018, when one Bitcoin traded for approximately $14,891. Since then, Bitcoin has appreciated by 4.2× relative to the price on the day CNBC pronounced it finished.
