Roger Ver Lost His Bet

It took two years and two months instead of two years for the price of bitcoins to beat gold, silver, the U.S. stock market and the dollar by over a hundred times.

There seems to be a small error, though. He says that the bitcoin price has outperformed everything else by 15,000 percent, or 300 times. Only one of those numbers can be right; 15,000 percent is 150 times.

The original bet was for $10,000. Since no one took him up on the bet, he decided to give the money to a charity close to his political and economic views. And he paid it in bitcoins with worth $10,000 two years ago, which is well over one million now.

 

Published by kflenz

Professor at Aoyama Gakuin University, Tokyo. Author of Lenz Blog (since 2003, lenzblog.com).

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