Buffett laughed! Berkshire's Investment Performance Outperformed Bitcoin Over the Past 5 Years

A KOL on Twitter recently shared interesting data saying: Warren Buffett’s investment firm Berkshire Hathaway has successfully outperformed Bitcoin for 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 Making 12-Year-Olds Rich）
(basic supplement:NBA owner Mark Cuban: ‘Buffett is right!’ Speaking of the cryptocurrency crash, you will know who is swimming naked until the sea recedes）

To completeThe downturn in the global risk market has caused the US S&P 500 stock index to drop more than 27% this year, and the value of Bitcoin has evaporated by more than 70%. Yesterday (29), GURGAVIN, a trader with more of 200,000 Twitter followers, tweeted and shared an interesting fact: Berkshire Hathaway, an investment firm founded by Warren Buffett, its stock performance over the past five years hasBitcoin passed successfully!

From the chart, we can see that the rate of return for holding Bitcoin for five years (calculated as of 11/29/2017) is around 48%, and Berkshire’s is around 65%. However, this refers to the situation where it was held for five years and not 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. exceeded 500%.

Obviously, the purpose of GURGAVIN’s post is not to flatter Berkshire, but to make Bo Jun laugh; but highlights the fact that the volatility of Bitcoin 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 EXTRAORDINARY #BITCOIN IN 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 for the past five years, Bitcoin’s rate of return is effectively lost; but if you advance time or look back, the result may not be certain. I don’t know if Buffett, who has long been optimistic about Bitcoin, what would he think if he saw this data?

Warzone previously reported that Buffett lashed out at cryptocurrencies, saying at a recent annual shareholder meeting that despite shifts in public opinion about the currency, he himself would not buy it.

Whether it will increase or decrease in 5 or 10 years, I don’t know. But one thing I’m pretty sure about is that it generates nothing, Bitcoin is not a productive asset, it generates nothing tangible.

He also uses the tangible returns generated by other types of businesses to explain whyNot recognizing 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 resell it to you because it doesn’t work. But apartments can generate rent and farms can produce food.