If You Invested $1,000 In Bitcoin When Warren Buffett Called It 'Rat Poison Squared,' Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
Warren Buffett, CEO of Berkshire Hathaway Inc (BRK), has been a vocal critic of Bitcoin (BTC), even calling it 'rat poison squared' in 2018. Despite this, if an investor had put $1,000 into Bitcoin at the time of Buffett's comment, their investment would now be worth $3,462.82, a return of 246.3%. In comparison, shares of Berkshire Hathaway have risen 76.2% and the SPDR S&P 500 ETF Trust (SPY) is up 56.8% over the same period. Buffett and Berkshire Hathaway are shareholders in Nu Holdings (NU), a crypto-friendly bank.
October 31, 2023 | 8:38 pm
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POSITIVE IMPACT
Bitcoin has significantly outperformed both Berkshire Hathaway and the S&P 500 since Buffett's 2018 comment, despite his criticism.
Despite Buffett's criticism, Bitcoin has significantly outperformed both Berkshire Hathaway and the S&P 500 since his comment in 2018. This could potentially lead to a reassessment of Buffett's stance on cryptocurrencies.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Nu Holdings, a crypto-friendly bank in which Buffett and Berkshire Hathaway are shareholders, could potentially benefit from the strong performance of Bitcoin.
As a crypto-friendly bank, Nu Holdings could potentially benefit from the strong performance of Bitcoin. This could potentially lead to a reassessment of Buffett's stance on cryptocurrencies.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 75
NEUTRAL IMPACT
Berkshire Hathaway's stock has risen 76.2% since Buffett's 2018 comment on Bitcoin, underperforming the cryptocurrency.
Despite Buffett's criticism of Bitcoin, the cryptocurrency has outperformed Berkshire Hathaway's stock since his comment in 2018. This could potentially lead to a reassessment of Buffett's stance on cryptocurrencies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust has underperformed Bitcoin since Buffett's 2018 comment.
Despite Buffett's criticism of Bitcoin, the cryptocurrency has outperformed the SPDR S&P 500 ETF Trust since his comment in 2018. This could potentially lead to a reassessment of Buffett's stance on cryptocurrencies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 75