A KOL on Twitter recently shared an interesting data saying: Berkshire Hathaway, the investment company of Warren Buffett, has successfully surpassed Bitcoin in performance in the past five years! sparked debate in the community.
(Recap:Buffett Comrades” Charlie Munger Comments on FTX Investors: It’s crazy to believe in tokens that make 12-year-olds rich）
(background supplement:NBA owner Mark Cuban: “Buffett is right!” Talking about the collapse of cryptocurrency, you will know who is swimming naked until the sea recedes）
CompleteThe downturn in the global risk market has caused the US stock S&P 500 index to fall by more than 27% this year, and the value of Bitcoin has evaporated by more than 70%.Yesterday (29th), GURGAVIN, a trader with more than 200,000 followers on Twitter, tweeted and shared an interesting data: Berkshire Hathaway, an investment company founded by Warren Buffett, its The stock’s performance over the past five years hasSuccessfully surpassed Bitcoin!
From the chart, we can see that the rate of return for holding Bitcoin for five years (calculated from 2017/11/29) is about 48%, and that of Berkshire is about 65%. However, this refers to the situation where it has been held for five years and has not been sold. After all, we can also find in the figure that Berkshire’s investment performance after the end of 2020 is much worse than that of Bitcoin. It once exceeded 500%.
Of course, the purpose of GURGAVIN’s post is not to flatter Berkshire, but to make Bo Jun laugh; but it does highlight the fact that Bitcoin volatility is quite high. For investors, slow but steady profit is an investment strategy, but it is also an investment test to be able to see the market trend and take profits at the right time.
WARREN BUFFET IS NOW OUTPERFORMING #BITCOIN OVER THE LAST 5 YEARS $BRK pic.twitter.com/8XKEHDRdNp
— GURGAVIN (@gurgavin) November 28, 2022
Buffett: Bitcoin is not a productive asset, I will not buy it for $25
If you look at the data of the past five years, the return rate of Bitcoin is indeed lost; but if you pull the time forward or look back, the result may not be certain. I don’t know if Buffett, who has been optimistic about Bitcoin for a long time, what would he think if he saw this data?
Warzone has previously reported that Buffett has lashed out at cryptocurrencies, saying at a recent annual shareholder meeting that despite changes in public opinion about the currency, he himself would not buy it.
Whether it will go up or down in 5 or 10 years, I don’t know. But one thing I’m pretty sure about is that it doesn’t generate anything, Bitcoin is not a productive asset, it doesn’t generate anything tangible.
He also uses the tangible returns generated by other types of assets to explain whyDo not recognize the value of Bitcoin。
If you tell me you own all the bitcoins in the world and are willing to sell them for $25, I won’t take them because I don’t know what to do with them.
I have to sell it back to you because it doesn’t work. But apartments can generate rent, and farms can produce food.