LOS ANGELES--(BUSINESS WIRE)--BIGtoken® Inc., the first privacy focused, opt-in data marketplace where people own and monetize their data, offers Charlie Munger a $1 million wager that bitcoin will outperform Berkshire Hathaway over the next three years.
BIGtoken CEO Lou Kerner has written a letter to Charlie Munger in response to Munger’s recent comments during an interview when he dismissed the rising share price of Tesla and bitcoin. When asked about bitcoin’s price and Tesla’s market cap, Munger said, “I don’t know which is worse.” Munger also said, “I don’t think bitcoin is going to end up the medium of exchange for the world. It’s too volatile to serve well as a medium of exchange. And it’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin.”
Lou writes, “I’m disappointed that a man of your stature would choose to disparage an asset that I’m confident you don’t have any real knowledge of. Particularly when bitcoin, like Berkshire Hathaway, has created so much wealth for so many people. And I believe that bitcoin will create significantly more wealth in the years to come.”
He continues, “In the spirit of educational philanthropy, my company, BIGtoken, would like to wager you $1 million that bitcoin will outperform Berkshire Hathaway over the next three years. If bitcoin outperforms, we’ll take our $1 million winnings and give it to organizations that educate people about crypto, e.g. Crypto Blockchain Plug in Inglewood and The Blockchain Center in Miami. Because that’s truly one of the greatest gifts we can give another person.”
You can read the full letter to Charlie Munger here.
BIGtoken® believes that data privacy is a human right. BIGtoken is the first privacy focused, opt-in data marketplace where people own and monetize their data. Through a transparent platform and consumer reward system, BIG offers users choice, transparency, and compensation for their anonymized data. Participating consumers earn rewards and advertisers and media companies get access to insights from compliant first-party data for marketing and media activation. For more information on BIGtoken, visit bigtoken.com.