“I’ve tried hard to understand the arguments for crypto and figure out why people are so excited. I can’t find value there.”
Seth Klarman, Co-founder, Baupost Group · Bitcoin since: +162%
A little perspective.
Bitcoin on that day$30,688June 27, 2023
$100 at that price$261.78At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “One Of The World’s Top Stock-Market Investors Favors These ‘Hunting Grounds’” — Seth Klarman, MSN, June 27, 2023. Bitcoin: $30,688.16. https://bitcoindeaths.com/posts/2023-06-27-one-of-the-worlds-top-stock-market-investors-favors-these-hunting-grounds