Bitcoin To Beat Warren Buffett's Berkshire

An anonymous Australian crypto trader went big on Bitcoin, placing a USD $6.3 million bet that the value of the cryptocurrency would trounce the per share price of Warren Buffett’s Berkshire Hathaway by Dec. 31, 2023.

Per a report from Yahoo! Finance, “an anonymous punter made this AUD$8.5 million bet on the belief that bitcoin will be worth more than the price of Berkshire Hathaway Class A shares — which are currently trading at more than USD $280,000 above BTC — within half a decade.”

Related: Bitcoin: Still the Best Bet for Crypto Traders

The news came to light via Tom Waterhouse–CEO of sports and racing bookmaker William Hill Australia.

If the Australian crypto trader’s prognostications prove to be true, he or she stands to net USD $884 million. As of 2:45 p.m. Eastern Time, the price of one share of Berkshire Hathaway is $289,344.37–up $1,344.47 from the previous day’s trading session–an increase of 0.47%.

Meanwhile, Bitcoin has been trading within a range of just above $6,800 and over $6,100 the past seven days.