What Does Buffett’s Bet on Bullion Bode for Bitcoin?

What Does Buffett’s Bet on Bullion Bode for Bitcoin?

Patrick Tan 21/08/2020 6
What Does Buffett’s Bet on Bullion Bode for Bitcoin?

Warren Buffett’s bet on the world’s second largest gold miner Barrick Gold shows that when it comes to investing, nothing is forever.

Mistakes Don’t Count If You Learn From Them

Which is why shareholders of legendary value investor Warren Buffett’s Berkshire Hathaway can rest assured that their investment is in good hands.

All That Glitters Is Gold?

So when Berkshire Hathaway announced that it had bought roughly half a billion dollars’ worth of stock in Barrick Gold, it immediately sent the stock price of other gold producers soaring as well.

But What Does this Have to Do with Bitcoin?

A lot actually.

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  • Ricardo Utrecht

    Warren Buffet is a smart investor. He miscalculated some stocks but he knows exactly how to bounce back.

  • Michael Toye

    I don't think he will change his stance towards Bitcoin

  • Chris Hughes

    Never say never !

  • Jason Carlson

    When it comes to Bitcoin, you can't predict the future....

  • Gemma Hawker

    Cryptocurrencies do not get enough love by investors because they have been used by the wrong people.

  • Marty Irving

    This is surprising !

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Patrick Tan

Crypto Expert

Patrick is an innovative entrepreneur and a lawyer passionate about cryptocurrencies and the business world. He is the CEO of Novum Global Technologies, a cryptocurrency quantitative trading firm. He understands the business concerns of founders and business people helping them to utilise the legal framework to structure their companies to take advantage of emerging technologies such as the blockchain in order to reach greater heights. His passion for travel, marketing and brand building has led him across careers and continents. He read law at the National University of Singapore and graduated with Honors in the Upper Division and joined one of Singapore’s top law firms, Allen & Gledhill where he was called to the Singapore Bar as an Advocate & Solicitor in 2005. He created Purer Skin, a skincare and inner beauty company which melds the traditional wisdom of ancient Asian ingredients such as Bird's Nest with modern technology. In 2010, his partner and himself successfully raised $589,000 from the National Research Foundation of Singapore under the Prime Minister’s Office. He has played a key role in the growth of Purer Skin from 11 retail points in Singapore to over 755 retail points in Singapore and 2 overseas in less than a year. He taught himself graphic design, coding, website design and video editing to create the Purer Skin brand and finished his training at a leading Digital Media Company. 

 

   

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