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If you invested $100K in Bitcoin when Warren Buffett said he wouldn't buy "all of the bitcoin in the world" for $25, Here's how much you'd have now

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by COINS NEWS 108 Views

If you invested $100K in Bitcoin when Warren Buffett said he wouldn't buy "all of the bitcoin in the world" for $25, Here's how much you'd have now

Warren Buffet once said during an annual Berkshire Hathaway shareholders meeting that:

He wouldn't buy "all of the bitcoin in the world" for $25 because "it doesn't produce anything".

But if you invested $100k into Bitcoin then, you would have a whopping $74.9k right now.

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Oh, not what you were expecting from the title huh?

It's easy to cherry pick dates to sensationalize and create absolutely meaningless clickbait media articles like:

  1. If You Invested $1,000 In Bitcoin When Warren Buffett Called It 'Rat Poison Squared,' Here's How Much You'd Have Now
  2. $779,000,000,000 Asset Manager Touts Bitcoin ...
  3. Trader Who Predicted 2023 Crypto Breakout Says Bitcoin Chart Looks 'Absurdly Good' ...

(These are real posts here in the past couple days)

Here's a chart with no axis because people like charts but don't bother analyzing them

The only reason people are posting these are for clickbait and moon farming.

No one knows shit about the future.

But even the Inverse Cramer isn't always correct. Somebody once analyzed 700+ of Cramer's calls and found that Cramer was right 64% of the time.

Sometimes they're right, and sometimes they're wrong.

So it's also important to recognize its corollary:

No one knows shit about people knowing shit about the future.

The only thing I'm sure about in the future is that people will still keep posting shitbait.

Edit - Reminds me of this XKCD comic: https://www.explainxkcd.com/wiki/images/3/3f/significant.png

submitted by /u/FluffayPenguin
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