Bitcoin Steadies Above $9,200, New High in Sights

12m
bitcoinnews

India: Facebook’s Libra Launch Might be Restrict Due to RBI’s Policy Concern

24m
coingape

QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer…

34m
cryptonewmedia

Central Bank of Russia will Hold Bitcoin [BTC] Reserves Predicts…

35m
cryptonewmedia

Japan’s Line Reportedly Close to Obtaining FSA License for Japanese Crypto Exchange

35m
cryptonewmedia

Exchanges Are Exchanging In-House Tech With Service Providers?

42m
cryptodaily

Ace VPN Review: More Cons Than Pros?

1h
block

HideMyAss Review – Fast Speeds, but Privacy Concerns

1h
block

StrongVPN Review: Secure, No Logs VPN, but Some Drawbacks

1h
block

VPN Gate Review: Free VPN, but Privacy Issues

1h
block

Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report

1h
cryptonewmedia

Electronics Giant Samsung Prioritizes Blockchain in 10-Year Roadmap

1h
cryptonewmedia

Can Facebook’s Libra Influence Bitcoin Price?

1h
cryptonewmedia

QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer Funds

1h
coindesk

‘Dead’ CEO Cotten Embezzled Funds For Years

1h
cryptonewmedia

Bitcoin Price Rally Stalls as Open Futures Hit Record Highs

1h
coindesk

Former Circle Exec Joins Royal Bank Of Scotland To Front Fintech Project

1h
cryptodaily

Facebook’s Calibra Digital Wallet Will Not Be Available in Its Largest Markets

2h
cryptonewmedia

Italy will Use Blockchain and Fintech for Interbank Checks

2h
coinidol

PoPermissionless Blockchain Network Algorand Raises $60M in Token Auction

2h
cryptonewmedia

‘We Don’t Deal in the Speculative’

2h
cryptonewmedia

Russian Hackers May Be Responsible for Coincheck Heist

2h
cryptonewmedia

Crypto Market Showing Positive Signs: Bitcoin Cash, EOS, TRX, ADA Analysis

2h
cryptonewmedia

Tyler Winklevoss: “If Bitcoin Breaks 10k, You Can Bet It’s Going To Break 15k”

2h
cryptodaily

QuadrigaCX Update: ‘Dead’ CEO Cotten Embezzled Funds For...

2h
bitcoinist


Bitcoin’s returns in 10 years trump Berkshire Hathaway’s returns since 1964 |

One of the biggest struggles faced by Bitcoin and the rest of the cryptocurrency market has been to convince the mainstream ecosystem of its benefits and use-cases. One of the biggest naysayers of the cryptocurrency industry is Berkshire Hathaway CEO Warren Buffett, who once compared the world’s largest cryptocurrency to rat poison.

In an ironical twist of fate, analysis suggests that Bitcoin actually beat Berkshire Hathaway stocks in terms of returns and growth over the years. Buffett has been quite vocal about his Bitcoin criticisms, going on to state,

“It [Bitcoin] doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me. It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything.”

According to calculations, Berkshire Hathaway’s stocks have gone up by 997,900 percent since Buffett’s takeover in 1964. Bitcoin managed to steamroll this record in its decade-long existence, with the king coin growing by a whopping 720 million percent in 10 years. Bitcoin’s price was first released to the public on October 5, 2009 by the New Liberty standard, with a price of $0.0007. Users of the cryptocurrency who had bought the cryptocurrency in 2009 are the ones who became multi-millionaires and billionaires when BTC spiked to its highest point in 2017.

At the same time, Berkshire Hathaway was performing really well as a mainstream stock under Buffett’s watch. If one had invested $1000 when Buffett had taken over in 1964, it would have yielded returns of up to $10 million.

Warren Buffett was in the news recently after Justin Sun, Chief Executive Officer of the Tron Foundation, won a chance to have lunch with the financial tycoon. The charity dinner will be attended by Sun and seven other members chosen by the Tron CEO. Justin Sun has revealed that the dinner will be a great opportunity to change Buffett’s mind on crypto. He had said,

“I am pretty sure that Warren Buffett has been misled by the media.”

The post Bitcoin’s returns in 10 years trump Berkshire Hathaway’s returns since 1964 appeared first on AMBCrypto.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments