Just when we thought the bears are all getting the better half of the market and regulations steadily increasing FUD, as well as Bitcoin price dips/correction over 70% from previous All time highs(ATH $20,000).... A well-known Australian Crypto enthusiast and expert shocked us all by taking the biggest bet in the history of crypto-currencies . A stake of A$8.5 million Aussie (approx. $6.3million USD)
THE BET....
This dude sure got some big balls staking that the value of one Bitcoin (BTC) would exceed the share price of Warren Buffet’s holding company 'Berkshire Hathaway' by December 31, 2023....
I mean we all know Warren Buffet is one of the biggest bitcoin critics ever 
and several times bitcoin also has been a bad-boy in messing up with him, lol, he has been an hater since 2011 who cares, i'm so sure bitcoin doesnt either, and though he's been calling Bitcoin a Bubble still the bubble has been flying faster than his private jets, hehehehehe...
THE DEAL
The announcement came as a flash on twitter by Tom Waterhouse himself who is the current CEO of William Hills Bookmaker ( one of the biggest gambling firm in Europe dated back since 1934 as well as in Australia)... Telling you how deep the bet is.. Tom Waterhouse himself placed this dude on a large syndicate..
Now, if this bet is Won the investor would be loading up his bank with a whooping $1.2million aussie ($884million USD), thats a f*cking hell of a deal...
FACTS...
A share of Berkshire Hathaway currently stands at $288,000, hehehehe, now that some figures huh, lol, if we should divide that by the current bitcoin value at $6200 (as at the time of writting) thats like 46X its current worth... Now, you sure get me when i said this dude got some big balls...
BERKSHIRE HATHAWAY
After the first bullish rally of berkshire shares between the year 1995 to 1997 the companys shares lost over 70% of its value from previous ATH @ est.$70,000 after which it recovered and soared high above its previous ATH to a new ATH of about $140,000 in the year 2007 and again lost half its value over 70% down to $66,000 within 2008 to 2010, between 2010 and 2015 bershires surpassed previous highs and was resting at $200,000 and now currently standing high above $288,000....
BITCOIN
Bitcoin shares alot of similarities with berkshire growths pattern, we saw in previous times during the dips of bitcoin, after the first bullish rally in 2013 bitcoin lost over 83% from its previous ATH @$1200 after which it recovered and surged above $20,000 surpassing it previous high at 1200$ in 2017... (you can read more here>>) now we currently over 70% down from previous highs @$20,000, what could be the next move for BTC in the next rally and in half a decade from now........
HISTORY..
Though, this may not be the first time we hearing about top enthusiast and market experts forecasts huge expectations for BTC, in my recent post i talked about BitMEX CEO Arthur Hayes who proposed $50,000 per BTC by December this year 2018, also Tim Draper still holds his stands by saying Bitcoin could hit 250k by 2022.
However none of them had the guts to strike a real deal in figures, they all were just words of mouth,but this australian dude took the bold step nailed it on the bookmakers, telling us how much he believes in BITCOIN ...
I know this may sound really crazy to a lot of persons , but this tells so much about the high expectation and belief of people in crypto currencies,personally i dont believe bitcoin may hit that high but there again 2023 is half a decade from now, and nobody ever expected Bitcoin to Hit $20,000 in 2017 anything can happen...
Trust me 5 Trillion market cap can do the magic....
WHAT DO YOU THINK! WOULD THE BET BE WON OR NOT??
Drop a comment below.
Best regards
Nicholas Ilechie
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SPANISH
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Justo cuando pensamos que los osos están obteniendo la mejor mitad del mercado y las regulaciones aumentando constantemente el FUD, así como las caídas / corrección del precio de Bitcoin en más del 70% de los máximos históricos anteriores (ATH $ 20,000) .... A conocido entusiasta de la criptografía australiana y experto nos sorprendió a todos al tomar la apuesta más grande en la historia de las criptomonedas. Una participación de A$8.5 millones de dólares australianos (aproximadamente $6.3 millones de dólares)
LA APUESTA....
Este tío seguro tiene algunas bolas grandes que apuestan a que el valor de un Bitcoin (BTC) excedería el precio de la acción de la compañía de Warren Buffet 'Berkshire Hathaway' antes del 31 de diciembre de 2023 ...
Quiero decir que todos sabemos que Warren Buffet es uno de los mayores críticos de bitcoins de todos los tiempos
y varias veces Bitcoin también ha sido un chico malo en meterse con él, jajaja, ha sido un enemigo desde 2011 a quien le importa, estoy tan seguro de que tampoco Bitcoin lo hace, y aunque él ha estado llamando a Bitcoin una Burbuja todavía la burbuja tiene ha estado volando más rápido que sus jets privados, jejejeje ...
EL TRATO
El anuncio apareció como un flash en twitter de Tom Waterhouse, que es el actual director ejecutivo de William Hills Bookmaker (una de las firmas de apuestas más grandes de Europa desde 1934 y en Australia) ... contándote cómo La apuesta es profunda. El propio Tom Waterhouse colocó a este tipo en un gran sindicato.
Ahora, si esta apuesta es Ganado, el inversor estaría cargando en su banco con un aullido de $ 1.2 millones de dólares australianos ($884 millones de dólares), eso es un gran infierno de un trato ...
HECHOS...
Una parte de Berkshire Hathaway actualmente asciende a $288,000, jejejeje, ahora que algunas cifras eh, lol, si tuviéramos que dividir eso por el valor actual de bitcoin en $6200 (como en el momento de escribir) eso es como 46X su valor actual ... Ahora, seguro me entiendes cuando dije que este tio consiguió algunas pelotas grandes ...
BERKSHIRE HATHAWAY
Después del primer repunte alcista de las acciones de Berkshire entre 1995 y 1997, las acciones de la compañía perdieron más del 70% de su valor anterior de ATH @ est. $70,000, después de lo cual se recuperó y se disparó muy por encima de su anterior ATH a un nuevo ATH de aproximadamente $140,000 en el año 2007 y otra vez perdió la mitad de su valor en un 70% a $66,000 entre 2008 y 2010, entre 2010 y 2015 los bershires superaron los máximos anteriores y descansaban en $200,000 y ahora actualmente están por encima de $288,000.
BITCOIN
Bitcoin comparte muchas similitudes con el patrón de crecimiento de Berkshire, vimos en épocas anteriores durante las caídas de bitcoin, después del primer repunte alcista en 2013 bitcoin perdió más del 83% de su anterior ATH @ $1200 después de lo cual se recuperó y subió por encima de $20,000 superándolo alto en 1200$ en 2017 ... (puede leer más aquí >>) ahora actualmente más del 70% de los máximos anteriores @ $20,000, lo que podría ser el próximo movimiento de BTC en el próximo rally y dentro de media década a partir de ahora ........
HISTORIA..
Sin embargo, esta puede no ser la primera vez que escuchamos sobre entusiastas principales y los expertos del mercado pronostican grandes expectativas para BTC, en mi reciente publicación hablé sobre el CEO de BitMEX Arthur Hayes, quien propuso $50,000 por BTC para diciembre de este año 2018, también Tim Draper todavía posee sus stands dicen que Bitcoin podría alcanzar 250k en 2022.
Sin embargo, ninguno de ellos tuvo las agallas para llegar a un acuerdo real en cifras, todas fueron palabras de boca, pero este tipo australiano dio el paso audaz en las casas de apuestas, diciéndonos cuánto cree en BITCOIN. ..
Sé que esto puede sonar muy loco para muchas personas, pero esto dice mucho sobre las altas expectativas y creencias de las personas en las monedas criptográficas, personalmente no creo que el bitcoin llegue a ese nivel alto, pero de nuevo 2023 es dentro de media década, y nadie esperaba que Bitcoin llegara a $20,000 en 2017, cualquier cosa puede pasar ...
Créanme 5 trillones Market Cap pueden hacer la magia ...
¡QUÉ PIENSAS! ¿SE GANARÍA LA APUESTA O NO?
Gracias por leer
Atentamente
Nicholas Ilechie
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Bitcoin history
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@nicholasilechie i think investment is better than betting bcoz its risky and investment is safe
yeah gambling is always a risk but the young man sure got some balls to have gambled such
however if he wins hes stake then oh boy 1.2bills aint no joke buddy....
This picture says it all. He is definately going to win the bet
Great comparison, everyone waiting for the sec to list BTC on ETF.. If it get approved no doubt the market cap could 5X or 10x as it would increase it legitimacy and invite more investors......
Thanks for the pics.
Thank you too for writing wonderful blog post
cheers mate
better believe it betting is dependably a hazard however the young fellow beyond any doubt got a few balls to have bet such
in any case in the event that he wins hes stake then oh rapture 1.2bills aint no joke pal. @nicholasilechie
hahahahah sure mate.
the dude must have been high on something....
But 1.2bills aint no joke mate....
Wow bitcoin is really going places...... I love the fact that you wrote in different languages..... So cool
Thanks, i have a great flare for spanish and sure got some spaniard followers.
Bitcoin is definitely going higher
Very good! I support you on your blog, I would like you to go through mine
Thanks alot dear.
I will and do my best to curate some as well
It is tough to know whether or not this will even get close. When (not if) Bitcoin and crypto in general does get accepted in everyday use be much more of the world, it will help increase the price by a lot more, but getting to the needed price will be a tough challenge.
i discuss in one of my article earlier about the future of crypto in general, i think in the future bitcoin wont likely hit that target however crypto is quite fascinating and the volatility is so unpredictable, the forex and stocks market has a trading market cap over 5 trillion dollars, if we ever get to see such market cap in crypto, then am afraid 288,000 might just be history...
Hands crossed though and hoping it comes through but its a big IF
Thanks for the good information. I will visit you often.
nice up vote :)
lol, thanks mate
now a days our big discussion is on ETF if it will approved then i think this market will cross it all time high and BTC will cross 25000$ that's for sure lets see what will happen in coming future
SEC cant and wont be able to disprove of it this time around, BTC has met the major criterias for an ETF market, however, hands are crossed as we got alot of haters, they tried with regulation and BTC passed the test ETF willl be just another rolling blocks.....
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The Internet of Money is an amazing book! Mindopening!
You have a copy of the book??
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nice sir. good work
Cheers
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Very nice bro
cheers mate
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