Warren Buffett, the Oracle of Omaha, the man behind Berkshire Hathaway, does not like bitcoin (BTC). He has derided it as an asset that is “creating nothing” and that it is not an investment. He’s also called it “a mirage” and “probably rat poison squared.”
Well, there’s one person out there willing to put down big money that bitcoin, currently worth around $6,201 each, will do better than Berkshire, whose Class A shares are trading at around $288,000 each.
MarketWatch reported a recent tweet from Tom Waterhouse, an Australian bookmaker, who says the anonymous bettor wants to put down 8.5 million Aussie dollars (US$6.3 million) on a bet that bitcoin’s price will topple Berkshire’s Class A shares by 2023. The wager would pay 1.2 billion Aussie dollars.
No word if Buffett is taking that bet. Read more here.