Bitcoin Show: A Bet That Can Not Be Denied
Who will be stronger: Bitcoin or Warren Buffett
Fresh news:
The unidentified crypto mag offered a bet at the Australian Waterhouse Betting Club in the following way: He give $ 8.5 million Australian dollars that Bitcoin will be worth more than Buffett's stocks Berkshire Hathawaja.
Today, 1 BTC is somewhat above $ 6,100 and 1 stock of BH is cca $ 281,000!
In the event of getting, betting would have to pay $ 1.2 billion (the coefficient is slightly less than 1: 150 !!!).
Recently Buffett fired for Bitcoin: “If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything. You’re just hoping the next guy pays more. And you only feel you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more.”
The situation is very interesting, Berkshire's stock is now 26x stronger than BTC.
Chief Berkshire thinks BTC is bubble, cheating, nonsense, inexperienced experiment, outsider in economics ... It would be logical to offer him a bet when he's already 100% sure of BTC's fate. Or be maybe Bill Gates who even said he would "go in for a short" at BTC if that made sense for earn ).
It remains to be seen how serious this is.
Perhaps the mysterious bettor plays with Bitcoin's price in a very simple way: this is how it sends a message for all yes he is ready to "risk" 8.5 million that bitcoin will grow more than the BH shares. If BH stocks are now about 280,000 and annually to grow only15 %, 2023 will cost $ 500,000.
So BTC is more than that. Small pumps or not?
Conslusion
If it's not a pump than a serious belief then it's another good news for Bitcoin because serious investors still believe.
It will be interesting to keep track of the event, whether the bet is accepted,
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