Last week, Tom Waterhouse, William Hill Australia’s CEO tweeted an intriguing post, saying “Big Bet: Well known Crypto expert has just requested a bet of $8.5m AUD to win $1.2bn that a Bitcoin will exceed the price of a Berkshire Hathaway share (c.$280k) by 2023. Have put him in touch with large syndicate — hope he can get set!”
Waterhouse’s remarks are but an understatement — it may just be a mere bet for others, but the implications for Bitcoin’s fate in 2023 are huge. Very huge. To claim that a single Bitcoin could exceed a Berkshire Hathaway share is over-the-top bullish. As of the time of writing, each Bitcoin trades at $6,368.30. Good luck gaining an additional $273k or so in five years.
However, the investor, whose identity remains veiled, is really serious about his bet.
Other Bitcoin believers also project a similar price. Tim Draper, a renowned investor, projects the price for each Bitcoin to reach $250,000 in 2022. Hilariously, John McAfee predicted in his tweet that the crypto will reach a staggering price of $1 million by the end of 2020, claiming that he will eat his very genitals when proven wrong.
Aimed At Buffett?
Perhaps the anonymous investor settled on betting against the Berkshire Hathaway in opposition to Warren Buffett, as he is the CEO of the said company.
Berkshire Hathaway owns more than 60 companies, including Dairy Queen and Duracell. Famously known as the “Oracle of Omaha,” Buffett is currently the third richest man in the world.
Buffett has long been a detractor of Bitcoin, and has made scathing statements about the “rat poison squared,” in reference to Bitcoin. One can only guess who between the two would finally emerge victorious come 2023.
Interested in reading more articles regarding Buffett’s stand on cryptocurrencies? Check these out.