Warren Buffett's Berkshire Hathaway, a multinational behemoth of a holding company, with it's tentacles, has been doing real nice. Buffett, the leader, has at the same time taken his sweet time to bash Bitcoin and every other cryptocurrency to the depths of hell.
According to Buffett, Bitcoin is "tulips", "a mirage" and even "rat poison squared". Why a legendary investor would call something innovative that, can slip our grasp right now - perhaps he is looking for a better price, perhaps he has missed out and wants to make money the old-fashioned way - "taking it from the middle-class", or maybe he has just lost. Or maybe he is right - the future is open.
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Punters, on the other hand, won't have his craptalk. According to a representative of an Australia bookie, Tom Waterhouse from William Hill Australia, an unidentified punter has made a serious bet, that by 2023, Bitcoin's price will surpass the price of a Berkshire Hathaway share.
What does a Berkshire Hathaway share go by these days? Their Class A shares go for a whopping 289 000 USD, according to investing.com:
The bet size, according to TOm Waterhouse, is 8.5 million australian dollars and the punter will stand to make 1.2 billion AUD, if he were to win the bet. I know i'm rooting for the guy. Did you know that there is not enough Bitcoins to even give every millionaire one?
Tom Waterhouse on twitter.com
The other side
It's not all roses and butterflies on the prediction front though. Joseph Carson, a cybersec expert at Thycotic Software says that the most likely version is that Bitcoin will slowly slip to $43 and die a horrible painful death.
According to www.express.co.uk:
"Bitcoin will fail as mining costs increase and prices fall to just $43"
Carson follows 3 different predictions from Bloomberg (Noah Smith), each with a different scenario and number 3 being the real doomsday prediction:
Number three is the worst case scenario when bitcoin goes "bust" and BTC as we know it is "abandoned, crashing relative to the dollar and never being useful as a payment method for daily necessities.
Luckily for us, the future is wide open and cryptocurrency crowd consists of the most innovative people in the world, so lets get that Berskshire Hathaway :)
Looking for more crazy predictions out there! Let me know of your crazy one!
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