Although the market price of bitcoin may not be much to please in recent years, one bitcoin bull from Australia still believes in the cryptocurrency so much that he put $8.5 million on its growth, Newsbtc reports.
So one of the leading bookmakers Tom Waterhouse wrote on his Twitter that a well-known crypto-expert (who prefers to remain anonymous) made a bet that by 2023 one bitcoin will exceed the price of one stock of the Warren Buffett Fund Berkshire Hathaway. Thus, the crypto expert shows a bullish attitude, since the amount of the bet is 8.5 million Australian dollars, which, if successful, will pay off in 1.2 billion Australian dollars.
View the image on Twitter
View the image on Twitter
Tom Waterhouse
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Big Bet: Well known Crypto expert has just requested a bet of $8.5 m AUD to win $1.2 bn 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!
9: 39 - 11 Jul. Two thousand eighteen
Three hundred forty eight
212 people (a) talk about it
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At the moment, one Berkshire Hathaway share is trading around $288,481, which is 45 times higher than the bitcoin price. Presumably Waterhouse himself brought bitcoin bull with a large syndicate to conclude the transaction.
The outstanding rate may be a manifestation of Australia's enthusiasm for all blockchain projects. So, most recently, the exchange Huobi Global began its activities in Australia and launched 10 pairs of cryptocurrency-Fiat to get started.
But whatever the reasons why the secret "crypto expert" made such a bet, he is not the first who claims about the beautiful future of bitcoin. For example, ex-cybersecurity entrepreneur John McPhee put his manhood on the line. And co-founder of the exchange BTCC and member of the Board of Directors in Bitcoin Foundation Bobby Lee believes that the cost of bitcoin will continue to grow due to the incorrect operation of the prevailing monetary system.