Crypto-Expert Puts $6 mln on a Bet that Bitcoin Reaches $280k by 2023

Crypto-Expert Puts $6 mln on a Bet that Bitcoin Reaches $280k by 2023

As the last months of 2018 are fast approaching, crypto-enthusiasts keep forecasting the potential price of the "king of all cryptos." There have already been made claims that bitcoin would skyrocket to highs from $25,000 to $250,000 in the foreseeable future, but now the predictions have come onto a new stage.

An anonymous yet famous crypto-specialist has gone for a bet to say that bitcoin will be traded at $280,000 by 2023. The risky BTC fortune-teller even puts at stake $6.27 million for such a gamble. $280,000 is a price of a Berkshire Hathaway share, by the way.

Anonymous Bet

A reportedly known crypto-expert put 8.5 million Australian dollars on the fact that the price of the “Big Daddy” would surge to $280,000 in five years. The news with regard to a bet was reported by Tom Waterhouse, one of the leaders of the Australian bookmaker market. It’s him who also said that the expert wished to remain anonymous.

In his Twitter, Tom Waterhouse wrote:

“Big Bet: Well known Crypto expert has just requested a bet of 8.5m AUD to win $1.2bn that a Bitcoin will exceed the price of a Berkshire Hathaway share (c.$280k) by 2023."

The elite bookmaker also said he had already helped the person, who wished to make a bet, with a major syndicate. Waterhouse added that he hopes the expert and the company find common ground.

More Bullish Than Tim Draper?

There have already been made lots of bold predictions, yet the latter hasn’t outperformed the one which belongs to Tim Draper, a notorious crypto-bull and billionaire. This year April he claimed that by 2022, bitcoin would be traded at $250,000.

Another “crazy” predictor is John MacAfee, he's also a known figure in the crypto-industry. Last year he said bitcoin’s price would surge to $2.4 million just in three years.

Among the most realistic crypto-optimists, however, remains Fundstrat’s Tom Lee, who says bitcoin might go as high as to $25,000 by the end of 2018.

Bitcoin’s Volatility? In 2017 BTC Was More Stable Than In Its Early Days
Despite some 30% crashes in 2017, bitcoin managed to increase by total 1,400% last year, conquering the world’s financial stage. Banks are becoming...
Stablecoin - Everything You Need to Know
What Is A Stablecoin? You must have heard of cryptocurrency which has been the recent talk of the town. Well, stablecoins are a form of...
Gold Pulls Bitcoin Investors From BTC, Says Van Eck Associates CEO
In 2017-2018 bitcoin bit gold as bait for investors. However, the situation is expected to change in 2019 as investors already hope more for the gold...
Crypto-Supporter Milne Said Bitcoin’s Only Ledger to Last 100 Years
As bitcoin continues trading approximately Twitter thread entrepreneur Alistair Milne forecasted that the upcoming cyber money bull will decide which...
Increased Supply of Altcoins Will Depress Bitcoin, Says St. Louis Fed Report
As it is known, crypto-supporters (bitcoin bulls) widely believe that the increase in the capped supply of all cyber-coins will boost bitcoin’s value...
BTC Market Cap Will Surpass $7 Trillion Gold Cap, Say Winklevoss
Recently, Tyler and Cameron Winklevoss, world-known entrepreneurs and early supporters of cryptos, have taken part in Reddit’s traded at $4,061 and...
Crypto-Community Celebrates Bitcoin’s 10th Birthday
This year’s January 3 marks a decade since the first bitcoin block was generated by Satoshi Nakamoto. Back then, in 2009, this person (or group of...
Best Bitcoin Memes in 2018: ‘Hodling’ and Crying
2018 has not been an easy year for bitcoin, not at all. Whereas it left 2017 at the price of $10,000, it started the new year in a pretty bullish...
Bitcoin Hits $4,190 For The First Time Since Early December
For the first time in a fortnight, bitcoin has managed to creep above the $4,000-margin. As of writing, the king of all cryptos is traded at $4,031...
Bitcoin Surpasses $3,500 on the Anniversary of the $19,000 Record
Today, December 17 marks an anniversary since bitcoin hit the $19,000 high for the first time ever. Moreover, this day marks a petty recovery of the...