Bitcoin: worth more than Buffet in 5 years



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About $ 290,000 must be discarded to find out who wants to buy a Berkshire Hathaway title, the investment vehicle of investment guru Warren Buffett. If he wants to pay the share in bitcoins, he currently needs 44 units of cryptocurrency. This commutes today at the price of about 6600 dollars.

Now, an unknown crypto expert from Australia wants to place a crazy bet. In the year 2023, ie in 5 years, to buy a share Berkshire Hathaway less than a rich Bitcoin. Or: Until then, a Bitcoin should be worth more than the shares of Buffett.

Provocative Intentions

There are two things that make the bet very risky: The odds that the Buffett stock continues to appreciate are pretty untouched, as the title has mostly done during in recent years. And while this is not the case, the $ 20,000 Bitcoin Summit at the end of 2017 is miles away from Berkshire Hathaway's stock price.

The bet is also a provocation: Warren Buffett does not believe in cryptocurrencies at all and is determined not to invest in it. He also strongly advises others to counter-attack.

The bet was made famous by Tom Waterhouse, a well-known Australian bookmaker. He certainly finds the bet bady and hopes that the stranger can make the bet. This means that the crypto fan still needs to find someone to enter the bet.

Now, Blackrock shows interest

To what extent cryptocurrencies will establish in the next few years, that they disappear completely, or if other parts like Ethereum or Litecoin will move the best Bitcoin dog from his place to the sun and that to the sun The declines in value, all of these are unanswered questions that make the bet so insecure.

Of course, the slight rise in the price of Bitcoin is certain at the moment. Cryptocurrency has meanwhile gained up to 5% in the meantime. This may be partly due to the crazy bet. More likely, however, the world's largest badet manager, Blackrock, has shown interest in Bitcoin, Cryptocurrency and Blockchain technology. For Blackrock has specially formed a new team. (koh)


Published 17.07.2018 | Updated at 07:08

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Crypto Paradise Train

Zug is one of the largest blockchain technology centers in the world. It is a decentralized and tamper-proof storage system, but that devours large amounts of energy. The most famous blockchain applications are Bitcoin and Ethereum crypto-currencies. Like Elocations, many companies finance themselves with blockchain applications by issuing tokens – in English Initial Coin Offering (ICO). Unlike stock, tokens do not create ownership of the business, but can be used for a technological application if successful. Last year, the ICOs injected four billion francs. About a third of them would have landed in Switzerland. As warned the Bank of International Settlements earlier this week, about one-fifth of all ICOs are suspected of being fraudulent

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Earnings in a fascist scene

The Rich Neo-Nazi Bitcoin Rally

Who wants to buy drugs, weapons or stolen goods, does not want to pay by bank transfer. Even the world's shadow sellers do not like that. Even cash payments are becoming more difficult because of new bank regulations. Well, there is Bitcoin – the anonymous currency of the crypt world.

Shadow World criminals love to use them. According to US media, neo-Nazis should also be included. Because in the United States they were partially blocked bank accounts. According to the research of American journalists, the bitcoin fortune of individual neo-Nazis has now multiplied

Washing money with Bitcoin machines

The value of all the bitcoins in the world s 39; now raises to about $ 400 billion. Of course, the part of the world of darkness is not known. But Larry Fink, director of Blackrock, the world 's largest badet manager, recently told Bloomberg' s financial reporting service that the rise of Bitcoin shows how much money is laundered in the world.

In London, police warn that Bitcoin ATMs are used for money laundering. The criminals exchanged British pounds for criminal businesses in Bitcoin at the ATM. There are also such machines in Switzerland. A maximum of 2,000 francs can be exchanged anonymously.

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