⸺ Obituary · June 27, 2023 ⸺
“One Of The World’s Top Stock-Market Investors Favors These ‘Hunting Grounds’”
— MSN, Seth Klarman
“I’ve tried hard to understand the arguments for crypto and figure out why people are so excited. I can’t find value there.”
Price at death
$30,688
Today
$73,594
Resurrection
×2.4
On 2023-06-27, Seth Klarman (Co-founder, Baupost Group) declared Bitcoin dead via MSN. Bitcoin was trading at ~$30,688 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 27, 2023, when one Bitcoin traded for approximately $30,688. Since then, Bitcoin has appreciated by 2.4× relative to the price on the day MSN pronounced it finished.