Crypto Expert Bets $8.5M on Bitcoin to Surpass Berkshire Hathaway in 2023
On Wednesday, one of Australia’s leading bookmaker magnates, Tom Waterhouse, took to Twitter to reveal that a “well-known crypto expert” has placed a bet on Bitcoin surpassing the price of one share in Warren Buffett’s conglomerate company.
Although Bitcoins market price has been anything but inspiring of late, as it lingers at 70% below its all-time high, Australian Bull still believes enough to put it up against Warren Buffets Berkshire Hathaway.
The $AU8.5 million (~$US6.3 million) bet stipulates that the price of bitcoin must exceed the price of a Berkshire Hathaway share (c.$280k) by 2023.”
Should the unidentified crypto expert win the bet at the terms stipulated in Waterhouse’s tweet, they would stand to win $1.2 billion Australian dollars (~$US884.7 million).
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! pic.twitter.com/C20AHzH2k9
— Tom Waterhouse (@tomwaterhouse) 11 July 2018
Whatever reasons the secretive “crypto expert” has for taking this flyer, he’s not the first to make a potentially painful wager on the future of Bitcoin. Arthur Hayes, CEO at crypto exchange BitMEX, believes the coin is just one positive regulatory decision away from climbing to $20,000 or even $50,000 by the end of the year.
In a recent interview with CNBC, he said that an ETF approval from the U.S. Securities and Exchanges Commission could probably boost prices.
Also, former cybersecurity entrepreneur and crypto personality John Macfee put his manhood on the line when he publicly announced that if Bitcoin doesn’t reach $500,000 by 2020 he would eat his own penis live on TV.
Can Bitcoin overtake Berkshire Hathaway? Comment and share your view with us below.
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