A well-known expert in crypto bets that Bitcoin price will exceed the stock price of Berkshire Hathaway holding shares by the year 2023.
Analyst Tow Waterhouse posted a Tweet disclosing one of the biggest bet in crypto world ever:
Big Bet: Well known Crypto expert has just requested a bet of $8.5m AUD to win $1.2bn that a Bitcoin will exceed the price of a Berkshire Hathaway share (c.$280k) by 2023. Have put him in touch with large syndicate – hope he can get set! pic.twitter.com/C20AHzH2k9
— Tom Waterhouse (@tomwaterhouse) July 11, 2018
At the moment, the stock price of a Berkshire Hathaway Inc. share (BRK-A) exceeds $280 000. These are the highest-priced shares on the New York Stock Exchange. Thus, such a forecast for future Bitcoin price is more than just optimistic, given the current cryptocurrency market situation.
Back in 2015, there were some talks about comparing Bitcoin to BRK-A on Reddit, but the coin’s price is still no match for those.
There are enough Bitcoin optimists on the market, however. Thus, famous investor Tim Draper, who is well-renown for his bullish attitude towards Bitcoin, believes that its market price will hit $250 000 by 2022.
More conservative estimates come from Dan Morehead, CEO Pantera Capital, who predicts that total Bitcoin market capitalization will reach at least 40 trillion USD sometime in the future.