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> Yet, if you had invested in bitcoin 5 years ago you would have outperformed Berkshire Hathaway's lifetime performance. Berkshire Hathaway's net income last y
by deciplex 10y ago
> Yet, if you had invested in bitcoin 5 years ago you would have outperformed Berkshire Hathaway's lifetime performance.
Berkshire Hathaway's net income last year alone was 24 billion USD. I don't think you would be able to generate this income no matter when you invested in Bitcoin, to say nothing of matching it in a single year.
I get that you are talking about the return on investment as a percentage of stake, but the scale we are talking about, as well as the difference in risk profile, means you are very nearly comparing apples and oranges. I can point out any number of various schemes which have gotten people rich over the years - that doesn't make them sound investments.