Warren Buffett made 12 predictions about bitcoin, table tennis, and his death — here’s how they …

Buffett has been right about cryptocurrencies so far. … The cryptocurrency slumped below $4,000 by the end of 2018, and it’s now trading at about …

Warren BuffettPaul Morigi / Stringer / Getty Images

  • The legendary investor Warren Buffett avoids making predictions, but we’ve gathered 12 of his best guesses about cryptocurrency, table tennis, and even his own death.
  • We’ve detailed each prediction and assessed its accuracy in the slideshow below.

The legendary investor Warren Buffett knows better than to make predictions.

“We have no idea — and never have had — whether the market is going to go up, down, or sideways in the near- or intermediate-term future,” he wrote in his 1986 letter to Berkshire Hathaway shareholders.

Yet the Oracle of Omaha couldn’t resist making a few guesses about the future over the years. We’ve gathered 12 of his most intriguing predictions and assessed their accuracy in the slideshow below.

1. Cryptocurrencies

Thomson Reuters

Prediction:

“In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending,” Buffett said in an interview with CNBC in January 2018. “Now, when it happens or how or anything else, I don’t know.”

He added: “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it, but I would never short a dime’s worth.”

Outcome:

Buffett has been right about cryptocurrencies so far. At the time of his prediction, bitcoin traded above $14,000. The cryptocurrency slumped below $4,000 by the end of 2018, and it’s now trading at about $5,200.

2. Flat-earthers

Flat Earth

Prediction:

“Ships will sail around the world, but the Flat Earth Society will flourish,” Buffett said in a speech at Columbia’s business school in May 1984.

Outcome:

Buffett may have been making a point about stubborn denialism in financial markets, but his prediction about so-called flat-earthers was correct — they’ve enjoyed a resurgence in recent years.

3. Berkshire Hathaway

REUTERS/Rick Wilking

Prediction:

“It is fitting that the visit of Halley’s Comet coincided with this percentage gain: neither will be seen again in my lifetime,” Buffett told Berkshire Hathaway shareholders in 1985 after the conglomerate grew its net worth by 48.2%.

He also predicted that the 23.2% compounded annual growth in the company’s per-share book value that year was “another percentage that will not be repeated.”

Outcome:

It took nearly 20 years for Buffett to prove himself wrong on the first count. Berkshire Hathaway’s net worth jumped by 48.3% in 1998, though that was largely because the company issued shares for acquisitions.

“Normally, a gain of 48.3% would call for handsprings — but not this year,” he told investors.

Buffett’s second prediction was way off the mark. Berkshire Hathaway’s per-share book value rose by 23.3% in 1986. It has also grown by at least 23.2% in more than 10 other years since 1985.

See the rest of the story at Business Insider

See Also:

SEE ALSO: Here are the 21 most brilliant quotes from Warren Buffett, the world’s most famous and successful investor

SEE ALSO: Bad spending habits that rich people always avoid

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Warren Buffett made 12 predictions about bitcoin, table tennis, and his death — here’s how they …

Buffett has been right about cryptocurrencies so far. … The cryptocurrency slumped below $4,000 by the end of 2018, and it’s now trading at about …

Warren BuffettPaul Morigi / Stringer / Getty Images

  • The legendary investor Warren Buffett avoids making predictions, but we’ve gathered 12 of his best guesses about cryptocurrency, table tennis, and even his own death.
  • We’ve detailed each prediction and assessed its accuracy in the slideshow below.

The legendary investor Warren Buffett knows better than to make predictions.

“We have no idea — and never have had — whether the market is going to go up, down, or sideways in the near- or intermediate-term future,” he wrote in his 1986 letter to Berkshire Hathaway shareholders.

Yet the Oracle of Omaha couldn’t resist making a few guesses about the future over the years. We’ve gathered 12 of his most intriguing predictions and assessed their accuracy in the slideshow below.

1. Cryptocurrencies

Thomson Reuters

Prediction:

“In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending,” Buffett said in an interview with CNBC in January 2018. “Now, when it happens or how or anything else, I don’t know.”

He added: “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it, but I would never short a dime’s worth.”

Outcome:

Buffett has been right about cryptocurrencies so far. At the time of his prediction, bitcoin traded above $14,000. The cryptocurrency slumped below $4,000 by the end of 2018, and it’s now trading at about $5,200.

2. Flat-earthers

Flat Earth

Prediction:

“Ships will sail around the world, but the Flat Earth Society will flourish,” Buffett said in a speech at Columbia’s business school in May 1984.

Outcome:

Buffett may have been making a point about stubborn denialism in financial markets, but his prediction about so-called flat-earthers was correct — they’ve enjoyed a resurgence in recent years.

3. Berkshire Hathaway

REUTERS/Rick Wilking

Prediction:

“It is fitting that the visit of Halley’s Comet coincided with this percentage gain: neither will be seen again in my lifetime,” Buffett told Berkshire Hathaway shareholders in 1985 after the conglomerate grew its net worth by 48.2%.

He also predicted that the 23.2% compounded annual growth in the company’s per-share book value that year was “another percentage that will not be repeated.”

Outcome:

It took nearly 20 years for Buffett to prove himself wrong on the first count. Berkshire Hathaway’s net worth jumped by 48.3% in 1998, though that was largely because the company issued shares for acquisitions.

“Normally, a gain of 48.3% would call for handsprings — but not this year,” he told investors.

Buffett’s second prediction was way off the mark. Berkshire Hathaway’s per-share book value rose by 23.3% in 1986. It has also grown by at least 23.2% in more than 10 other years since 1985.

See the rest of the story at Business Insider

See Also:

SEE ALSO: Here are the 21 most brilliant quotes from Warren Buffett, the world’s most famous and successful investor

SEE ALSO: Bad spending habits that rich people always avoid

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Real Estate Tokens Are Coming To Tezos

Tokenized real estate is one of the most compelling possibilities for blockchain technology. Widespread digitization of property in the massive $217 …

Tokenized real estate is one of the most compelling possibilities for blockchain technology. Widespread digitization of property in the massive $217 trillion real estate market could not only be lucrative, but transformative for the global economy.

Now real estate is inching towards the blockchain, and ownership of land and buildings could soon change hands as easily as a cryptocurrency transaction. Two DLT companies are currently working to make that a reality, starting in Southeast Asia.

Elevated Returns, a blockchain based firm focused on digital assets in the real estate market, and New York-based AlphaPoint, a platform built for the issuance of security tokens (STO’s), have just announced a partnership to bring digitized real estate to Southeast Asian real estate.

After launching digital tokens for the $18 million St Regis Aspen Resort in late 2018, Elevated Returns has leveraged AlphaPoint’s technology to power a new marketplace with over $1 billion USD worth of digital real estate in Southeast Asia. The two companies are now partnering to build a white label, full-stack digital real estate exchange atop the Tezos blockchain.

AlphaPoint’s goal is to create institutional grade asset tokenization technology along with an unmatched user experience for token sale and distribution. AlphaPoint CEO Salil Donde said:

“AlphaPoint has a proven track record of providing an unmatched quality of service to our clients through digital asset and cryptocurrency markets. Our upgraded technology stack, coupled with a streamlined focus on enabling institutions to issue and trade digitized assets, enables us to plug into the process of a security token offering to both create the token and enable a secondary market.”Salil Donde, AlphaPoint CEO

Entering the Southeast Asian real estate market might be just the initial opportunity AlphaPoint needs to seize to establish itself in larger markets. Elevated Returns believes AlphaPoint is also the ideal match to upgrade its own tokenization offerings.

“AlphaPoint’s technology solutions for unlocking digital asset liquidity are unparalleled,” noted Stephane De Baets, President of Elevated Returns. “Having already demonstrated the capability to integrate with the token standard that we are developing on the Tezos blockchain, AlphaPoint was the clear choice to facilitate the adoption of our tokenized real estate initiatives.”

This is not the first attempt to create tokenized ownership in real property. Crypto Briefing previously covered Elevated Returns’ first digital offering, as well as Smartlands‘ tokenization of student housing in England.

Real estate and tokenization have long been considered a promising combination, although the fruits of their match have yet to be realized. Now, between Elevated Returns and AlphaPoint’s joint efforts, the creation of a liquid market for such property is close to being realized.

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Wevest AG Chooses Stellar Blockchain For Security Token Services

Wevest, a Berlin-based fintech company which offers digital banking and financial services to small and medium sized enterprises (SME’s), has just …

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions .

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Wevest AG Chooses Stellar Blockchain For Security Token Services

Wevest, a Berlin-based fintech company which offers digital banking and financial services to small and medium sized enterprises (SME’s), has just …

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions .

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