A mystery Australian punter is looking to make the bet of a lifetime on Bitcoin – and if he’s right he’ll pocket an incredible $1.2billion.
Famous bookmaker Tom Waterhouse revealed he had been contacted this week by a gambler searching for someone to take on his unique cryptocurrency bet.
The unknown man is hoping to bet AUD$8.5million that the price of a Bitcoin will be worth more than the world’s most expensive share in U.S-based conglomerate Berkshire Hathaway by 2023.
A Bitcoin is currently worth roughly AUD$8,000, while a share in the U.S-based giant owned by billionaire Warren Buffett today sits around AUD$388,000 – a world record.
A mystery Australian punter is hoping to make the bet of a lifetime according to bookmaker Tom Waterhouse (pictured with wife Hoda)
Waterhouse posted on Twitter this week (pictured) that a gambler wants to bet $8.5million that the price of Bitcoin rises above the price of Berkshire Hathaway – the world’s most expensive share – by 2023
According to Waterhouse, who is working as a middle man to make the bet happen, the unknown punter – if successful – would walk away AUD$1.2billion richer.
‘(A) well known Cryptocurrency expert has just requested a bet of AUD$8.5m to win AUD$1.2bn that Bitcoin will exceed the price of a Berkshire Hathaway share by 2023,’ Waterhouse tweeted this week.
‘Have put him in touch with large syndicate – hope he can get set!’
It appears the Crypto punter is looking for odds of 1/141.
Bitcoin peaked at more than AUD$23,000 late last year, before the price plummeted to as little as AUD$6,000 in the first half of 2018.
By comparison, Berkshire Hathaway first rose above AUD$100,000-a-share in 1998 and has remained steady above AUD$300,000 a share since 2016.
Bitcoin peaked at more than AUD$23,000 late last year, before the price plummeted to now be worth roughly AUD$8,000
By comparison Berkshire Hathaway, a U.S-based conglomerate owned by billionaire investor Warren Buffet (pictured), has remained steady above AUD$300,000-a-share since 2016
Waterhouse is believed to have become a keen cryptocurrency investor since selling his online gambling business TomWaterhouse.com.
The 2013 deal was initially worth $34 million, but reportedly had the potential to rise up to as much as $110 million with add ons.
Despite selling his business Waterhouse continues to offer tips online and now runs a ‘platinum program’ with exclusive insight – at the cost of a $120,000 membership.