Warren Buffett's Berkshire Hathaway has seen an impressive rise in share price since its acquisition by the legendary investor – about 997,900%. In contrast, Bitcoin has grown by 720 million in its last ten years of existence since its first listed price.
Berkshire Hathaway raises "only" 997,900%
Berkshire Hathaway, a multinational holding company whose CEO is none other than the beloved investor and one of the richest men in the world – Warren Buffett – has seen its stock price rise by 997,900% since the leading investor took control in 1964.
The company is also known to be under the direction of Warren Buffett. He is currently the CEO of Berkshire Hathaway. Forbes' latest list of the richest men makes Buffett the third richest man – with a net worth estimated at $ 82.5 billion.
Bitcoin increases 720 million in 10 years
Bitcoin, however, has only been around for a decade. In a relatively short time, however, it has managed to increase the cryptocurrency by 720,000,000,000 since its very first price.
"It does not work, it just stands there, it's like a shell or something like that, and it's not an investment for me." It's a gaming machine. there was a lot of associated scams, a lot has been lost, so there is a lot to lose, bitcoin has not produced anything.
If that was not enough, Buffett called the main cryptocurrency "rat poison on the spot". In addition, Buffett Berkshire Hathaway Bloomberg invested $ 340 in a so-called Ponzi scheme. Federal investigators have said that DC Solar, the company Buffett supported, would have used new investors' money to pay off existing investors.
So, if Buffett, who is considered by all as a foolproof investment genius, has not recognized a Ponzi scheme that has been investigated by the authorities, could it be wrong about Bitcoin?
The facts speak for themselves
Whether Buffett likes it or not, this "rat poison" has overwhelmed the society he controls. It should also be noted that Berkshire Hathaway owns 100% leading companies such as Geico, Duracell, Long & Foster and others. It also controls minority interests in American Express, Wells Fargo and The Coca-Cola Company.
So, if anyone has any doubts about John McAfees because he has set a target price of a million dollars for Bitcoin, it might be worth taking into account all of the above. Of course, this may not happen until December 31, 2020 – but it's a realistic option as to how things might unfold. Maybe Buffett should think about it. But maybe Justin Sun will manage to change his mind.
Proof of text: bitcoinist