Bitcoin vs Berkshire Hathaway comparison: =================Upside: Covid panic dip to all time top: BERK = 100% BTC = 1850% = 18x to the upside Covid panic dip to current dip: BERK = 75% BTC = 785% = 10x to the upside Pre-covid high to current dip: BERK = 38% BTC = 195% = 5x to the upside Pre-covid top to all time top: BERK = 56% BTC = 547% = 10x to the upside ==============Downside: Covid dip: BERK = -21% BTC = -63% = 3x to the downside Current dip: BERK = -12% BTC = -54% = 4.5x to the down side ============Average x Upside: 10.75x (18+10+5+10)/4 = 10.75x ==========Average x Downside: 3.75x (3 + 4.5)/2 = 3.75x ===========Ratio bias to the upside: 2.86x 10.75/3.75 = 2.86x Summary: Since BTC is correlated to the stock market, and Berkshire Hathaway represents the best of stock market picks, a comparison might be valid. Compared, it looks like BTC functions as a 3x leveraged ETF to Berkshire, with a bias to the upside of almost 3x. That is, for every 1:1 low to high in Berkshire, BTC answers with a ratio of 1:3. Other summary: If you could get rich investing in Berkshire, you may also get rich investing in BTC.
"Compared, it looks like BTC functions as a 3x leveraged ETF to Berkshire, with a bias to the upside of almost 3x." Quote of the century.
They are holding it a t 30k lol, frauds it will break i guarantee it some whales trying to prevent the stampede to 20 k