A Multi-Millionaire Venture Capitalist Made A Massive Bet On Bitcoin [Forbes]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Forbes
Bitcoin is notoriously volatile often moving more in a single day than most stock indexes do in a week The bitcoin price regularly swings wildly and unpredictably but that's not stopping some bold investors from betting big on bitcoin the multi-million percentage increase it recorded between 2010 and 2020 Now, prominent venture capitalist Tim Draper has revealed he pulled out of stock markets six months ago as they "got frothy" and he has significantly increased his bitcoin and crypto holdings over the last year— some of which have rocketed higher in recent months "I have been out of the market for about six-months. It felt pretty lofty for me and I moved most of my stuff to bitcoin and crypto," Draper told CNBC "I think bitcoin in 2022 or the beginning of 2023 will hit $250,000 and that's a big move from where it is here," Draper said, standing by a prediction he made previously. "I think the reason there is that bitcoin will be the currency of choice." Draper declined to disclose wh
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 4/26/24 - Form 8-K
- 4/22/24 - Form 424B5
- 4/18/24 - Form FWP
- BRK.B's page on the SEC website