Bitcoin Has Dwarfed Warren Buffets Berkshire Hathaway in ROI

Warren Buffetts Berkshire Hathaway has seen an impressive increase of around 997,900 percent in its stock price since Warren Buffett took control. Bitcoin, on the other hand, is up 720,000,000% in its short 10-year history since its first recorded price.

Berkshire Hathaway Up 997,900%

Berkshire Hathaway, a multinational conglomerate holding company, the CEO of which is no other but popular investor and one of the richest men alive, Warren Buffett, has seen an increase of 997,900 percent in its stock price since the prominent investor took control of it back in 1964.

The company is also well-known for the fact that it has been under the leadership of one of the most well-known investors, Warren Buffett. He is currently the CEO at Berkshire Hathaway.

Forbes latest listicle of the richest men puts Buffett as the third wealthiest man with an estimated net worth of $82.5 billion.

Bitcoin Up 720,000,000% in 10 Years

Bitcoin, on the other hand, has only been around in the past decade. However, in this relatively short amount of time, the cryptocurrency has managed to increase by a whopping 720,000,000 percent since its first ever recorded price.

Ironically, Buffett, being the prominent and well-known investor that he is, is a sworn Bitcoin-basher. In fact, Buffett has been particularly vocal on his stance on the matter, calling Bitcoin all sorts of things. Buffett said:

It doesnt do anything. It just sits there. Its like a seashell or something, and that is not an investment to me. Its a gambling deviceā€¦ theres been a lot of frauds connected with it. Theres been disappearances, so theres a lot lost on it. Bitcoin hasnt produced anything.

If thats not definitive enough, Buffett has also called the leading cryptocurrency rat poison squared.

Going even further, Buffetts Berkshire Hathaway invested $340 into an alleged Ponzi-type scheme according to Bloomberg. Federal investigators maintain that DC Solar, the company which received Buffetts backing has used new investors money to pay back existing investors.

So if Buffett, the infallible investment genius that everyone seems to believe he is, failed to recognize a Fed-investigated Ponzi-scheme, could it be possible that hes also wrong about Bitcoin?

Facts Speak For Themselves

Regardless of whether Buffett likes it or not, this rat poison has massively outperformed the company he controls. Its also worth noting that Berkshire Hathaway wholly owns prominent corporations such as Geico, Duracell, Long & Foster, and so forth. It also controls minority shares at American Express, Wells Fargo, and The Coca-Cola Company.

Bitcoin does none of the above and isnt even a company with any central authority. Its simply a decentralized protocol for money that ensures no one breaks the rule. Bitcoin is an asset class of its own that has managed to gain 72 ...

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Tags: Warren Buffett, Bitcoin, Berkshire Hathaway, Investor, share, Federal Reserve System, Share price, Charles Ponzi, Chief executive officer