Would Warren Buffett Buy Bitcoin?

by Patrick Morris, The Motley Fool Dec 8th 2013 8:08AM
Updated Dec 8th 2013 8:10AM

Warren Buffett of Berkshire Hathaway is one of the most successful investors of all time, and his thoughts on gold will likely tell us what he thinks of Bitcoin.

The gold rush
In September of 2011, the price of gold hit $1,861 per ounce, which capped off an incredible 10-year run that saw the price of gold rise on average each year by 21%.

If someone had invested $1,000 in gold, it would have turned into $6,830 over those 10 years, whereas a $1,000 investment in the S&P 500 would have only left them with only $1,055.