CNBC on Bitcoin
No outlet has aired more Bitcoin obituaries. Most are interviews, and the guest list reads like the critics leaderboard.
Every CNBC Bitcoin obituary
There No Inherent Value To [Bitcoin]
“I do genuinely think its value is 0.”
CNBC
Jan 13, 2025 · $94,517Investor Cliff Asness Says Bitcoin Is A Bubble Unless Uses Besides Speculation And Criminality Emerge
“There’s no fundamental trend for crypto because I don’t know what the fundamentals are, but there is a price trend.”
CNBC
Dec 6, 2023 · $43,933Jamie Dimon Lashes Out Against Crypto: ‘If I Was The Government, I’d Close It Down’
“I’ve always been deeply opposed to crypto, bitcoin, etc. The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance... If I was the government, I’d close it down.”
CNBC
May 1, 2022 · $37,924Charlie Munger Calls Bitcoin ‘Disgusting And Contrary To The Interests Of Civilization’
“Of course I hate the bitcoin success. I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”
CNBC
Jan 5, 2022 · $46,122Kevin O'Leary Explains Why He Thinks Nfts Will Become Bigger Than Bitcoin
“You’re going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over the next few years, making NFTs a much bigger, more fluid market potentially than just bitcoin alone.”
CNBC
Dec 17, 2021 · $46,172Bitcoin May Not Last That Much Longer
“Some of the newer cryptocurrencies use blockchain technology far more efficiently than bitcoin does.”
CNBC
May 1, 2021 · $57,836Bitcoin Is Disgusting
“I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”
CNBC
Apr 23, 2021 · $51,161‘Black Swan’ Author Calls Bitcoin A ‘Gimmick’ And A ‘Game,’ Says It Resembles A Ponzi Scheme
“I realized it was not a currency without a government. It was just pure speculation. It’s just like a game ... I mean, you can create another game and call it a currency.”
CNBC
Apr 20, 2021 · $56,499It Will Be Ugly": Bitcoin Bear Gives 2 Reasons Why He Thinks The ‘Bubble’ Is Going To Burst
“I don’t know where it will end or how it will end, but it will end. And when it ends, it will be ugly because there will be nothing there.”
CNBC
Feb 24, 2020 · $9,665Bitcoin Has No Value
“Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem. In terms of value: zero.”
CNBC
Jul 24, 2019 · $9,772I Can Assure You I Will Personally Not Be Loaded Up On Bitcoin In 10 Years
“I won't be talking about Bitcoin in 10 years, I can assure you that. […] I would bet in even 5 or 6 years I'm no longer talking about Bitcoin as Treasury Secretary. […] I can assure you I will personally not be loaded up on Bitcoin.”
CNBC
May 14, 2019 · $7,978Kevin O'Leary Calls Bitcoin ‘Garbage’
“Bitcoin is essentially a “digital game” and is “worthless,” “Shark Tank” investor Kevin O'Leary told CNBC on Tuesday. “It is a useless currency,” O’Leary, chairman of O’Shares ETFs, said on “Squawk Box. "To me, it’s garbage, because you can’t get in and out of it in large amounts.”
CNBC
May 5, 2019 · $5,824Warren Buffett Says Bitcoin Is A ‘Gambling Device’
“It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything,” Buffett told a group of reporters ahead of Berkshire Hathaway’s annual meeting at the CHI Health Center in Omaha, Nebraska. “It doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me,” he added.”
CNBC
Feb 25, 2019 · $3,852Bitcoin Has No Unique Value At All
“Bitcoin has no unique value at all,” Buffett told CNBC’s Becky Quick in a “Squawk Box” interview Monday. “It is a delusion, basically.”
CNBC
Jan 23, 2019 · $3,576Bitcoin Will Go To Zero: Davos Talks Up The Future Of Blockchain Tech
“I do believe it will go to zero. I think it’s a great technology but I don’t believe it’s a currency. It’s not based on anything,” Jeff Schumacher, founder of BCG Digital Ventures, said during a CNBC-hosted panel in Davos, Switzerland.”
CNBC
Aug 15, 2018 · $6,270Bitcoin Is Useless As A Payment Mechanism And Ridiculous As A Store Of Value
“Bitcoin will continue to fall, because “there’s just no value there,” former PayPal CEO Bill Harris told CNBC on Tuesday.”
CNBC
Jun 29, 2018 · $6,204Wolf Of Wall Street Jordan Belfort On Bitcoin: Get Out If You Don't Want To Lose All Of Your Money
“[Bitcoin] is all based on the Great Fools Theory,” Belfort says in a recent YouTube video. “I know this better than anyone in the world. I’m not proud of that, but I do.” Belfort says bitcoin’s price surges are thanks only to a belief by buyers that there will continue to be ‘greater fools’ who they can sell the asset to at a higher price.”
CNBC
May 7, 2018 · $9,363They Come To An End
“If you and I buy various cryptocurrencies, they're not going to multiply. There are not going to be a bunch of rabbits sitting there in front of us. They're just gonna sit there. And I gotta hope next time you get more excited after I've bought if from you and then I'll get more excited and buy it from you. We could sit in the house by ourselves and we could keep running up the price between us. But at the end of the time there's one Bitcoin sitting there and now we've gotta find somebody else. They come to an end.”
CNBC
May 5, 2018 · $9,827Warren Buffett Says Bitcoin Is Probably Rat Poison Squared
“Bitcoin is “probably rat poison squared.”
CNBC
Mar 5, 2018 · $11,573A Decade From Now, Bitcoin Is More Likely To Be $100 Than $100,000, Harvard Economist Says
“I think bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now ... I would see $100 as being a lot more likely than $100,000 ten years from now. Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small.”
CNBC
Feb 26, 2018 · $10,313World's Largest Asset Manager Says Get Ready To Stomach Complete Losses In Cryptocurrencies
“Turnill noted cryptocurrencies’ high volatility, fragmented markets and lack of regulation. “We don’t see them becoming part of mainstream investment portfolios soon,” he said, adding that their volatility makes U.S. stock market turbulence during the financial crisis “almost look placid.”
CNBC
Feb 6, 2018 · $7,700Bitcoin Savaged By BIS As ‘A Bubble, Ponzi Scheme And An Environmental Disaster’
“While perhaps intended as an alternative payment system with no government involvement, it has become a combination of a bubble, a Ponzi scheme and an environmental disaster,” he said. “The volatility of bitcoin renders it a poor means of payment and a crazy way to store value.”
CNBC
Jan 16, 2018 · $11,348Bitcoin Is A Pyramid Scheme, Warns Former Wells Fargo CEO Dick Kovacevich
“I think it’s a pyramid scheme. It makes no sense. I’m just surprised it isn’t even lower. There’s no fraudulent thing going on. It’s just a pyramid scheme. You’re betting that somebody is going to buy it. And some people have been right. The fundamentals make no sense.”
CNBC
Jan 10, 2018 · $14,891Cryptocurrencies Will Come To A Bad Ending
“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.”
CNBC
Jan 4, 2018 · $15,155Investor Who Called Last Two Major Market Crashes Says Bitcoin Is A Bubble
“Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble.”
CNBC
Dec 6, 2017 · $13,709Greenspan Compares Bitcoin To Colonial America Currency That Eventually Became Worthless
“Former Federal Reserve Chairman Alan Greenspan told CNBC on Wednesday that bitcoin reminds him of currency issued during America’s Colonial past that ultimately proved worthless. “Humans buy all sorts of things that aren’t worth anything,” Greenspan said. “People gamble in casinos when the odds are against them. It has never stopped anybody.”
CNBC
Dec 4, 2017 · $11,617Bitcoin Is A Dangerous Speculative Bubble
“With the price of bitcoin moving toward $12,000, a top economist on Tuesday sent a stark warning to investors: The cryptocurrency is in a “dangerous speculative bubble.” Roach suggested that exchange legitimization makes bitcoin “somewhat dangerous” for investors, given what he described as a “lack of intrinsic underlying economic value to the concept.”
CNBC
Nov 14, 2017 · $6,599One Of Asia's Largest Banks Says Bitcoin Is A Ponzi Scheme
“We see bitcoin as a bit of a Ponzi scheme,” David Gledhill, group chief information officer and head of group technology and operations at DBS, told CNBC on Wednesday.”
CNBC
Nov 7, 2017 · $7,119Bitcoin Has No Future Because Of Its Anonymity, SocGen CEO Says
“I can’t see a future of this when I see the attention played by all governments and regulators on anti-money laundering, on anti-tax evasion, on anti-terrorism financing. The anonymity of the transaction is a problem I think which would put pressure on bitcoin.”
CNBC
Oct 23, 2017 · $5,895Prince Alwaleed Says Bitcoin Will Implode: Enron In The Making
“I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making.”
CNBC
Oct 16, 2017 · $5,754Nobel-Winning Economist Shiller Calls Bitcoin A Fad
“Bitcoin is a fad, just like bimetallism before it.”
CNBC
Oct 13, 2017 · $5,640Jamie Dimon Says If You're Stupid Enough To Buy Bitcoin, You'll Pay The Price One Day
“I could care less about bitcoin….I don’t personally understand the value of something that has no actual value. You all can do whatever you want and I don’t care…..If you’re stupid enough to buy it, you’ll pay the price for it one day. I’ve also told people that it can trade at $100,000 before it trades to zero. The only value of bitcoin is what the other guy’ll pay for it. Who cares about bitcoin? The world economy’s so big, JPMorgan alone, $6 trillion, we move all this money, and bitcoin in total, all these currencies, $50 billion dollars, maybe a billion dollars trades a day.”
CNBC
Sep 19, 2017 · $3,897Bridgewater Founder Ray Dalio: Bitcoin Is A Bubble
“Bitcoin is a bubble.”
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Sep 15, 2017 · $3,687JPMorgan's Top Quant Strategist, Echoing CEO, Compares Bitcoin To Pyramid Scheme
“JPMorgan’s top quant strategist backed his boss this week in bashing bitcoin, warning that the cryptocurrency is likely a “pyramid scheme.”
CNBC
Sep 13, 2017 · $3,874Bitcoin Is In A Bubble, And Here's How It's Going To Crash
“Computer, biotech, internet shares and real estate, and all crashed when excessive optimism far outweighed the more rational expectations normally associated with prudent investing. So too will be the case with bitcoin.”
CNBC
Sep 12, 2017 · $4,148JPMorgan CEO Jamie Dimon Says Bitcoin Is A Fraud That Will Eventually Blow Up
“It’s just not a real thing, eventually it will be closed. It’s worse than tulip bulbs. It won’t end well.”
CNBC
Aug 14, 2017 · $4,383Gartman: Avoid The Bitcoin Boom
“How can you buy a house, how can buy a car, how can you buy Starbucks with bitcoin when price is going to fluctuate as dramatically as it has. This looks to me like… very much.. you can take the chart of bitcoin and apply it against the tulip bulb mania of the 15th century and the patterns look exactly the same.”
CNBC
Jun 6, 2017 · $2,914Mark Cuban Calls Bitcoin A Bubble, Price Falls
“I think it’s in a bubble. I just don’t know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble”
CNBC
How the predictions aged
The business news network. Most of its Bitcoin obituaries are interviews in which a guest declares Bitcoin finished on air. The first entry here is from June 6, 2017, when Bitcoin was $2,914. The latest is from February 12, 2026, at $66,222. Bitcoin at the time of the most recent obituary in this database was about 26 times its price at the first obituary.