In a surprising turn of events in his life, Pedro Cerize said that he will consider the following motto as his greatest teaching from 2024 onwards: “don’t bet against bitcoin“.
Cerize is a renowned Brazilian asset manager and founder of Skopos, one of the leading equity fund managers in Brazil.
With solid experience in the financial market, Cerize is known for its approach to long-term investment strategies.
In addition to his work at Skopos, he is regularly invited to lectures and events, where he shares his views on capital markets and the Brazilian economy.
Cerize Gambled Against Bitcoin and Now Says He “Learned His Lesson”
One of the most famous quotes in the investment market in general is that of Warren Buffett, who says: “Never bet against the United States”.
But for Pedro Cerize, his biggest lesson from 2024, as published on his X account, concerns bitcoin. This is because in recent months Cerize has opened a bet against the Mises Capital profile, which will reward the winner in 2026.
The bet consists of knowing which investment will increase in value more: Bitcoin or Ibovespa. In X, the Mises vs Cerize profile follows the fluctuations on a daily basis. According to the closing of last Friday (20), everything indicates that the bitcoin remains with a big lead since the beginning of the bet, with a value of 82%while Ibovespa falls 0.44%.
Day 179 / 728
Busy week for BTC and Ibov! pic.twitter.com/saqJ66IGnL
— Mises vs. Cerize (@MisesVsCerize) December 20, 2024
So Cerize said his biggest lesson is never to bet against bitcoin, after seeing that he is at serious risk of losing his position in the public bet.
It’s worth noting that Cerize’s new position shows that he has better understood bitcoin, indicating that the bet has at least served as a learning experience so that he no longer ignores the digital asset.
“Bitcoin has been working for years and has already proven itself”
Also last Friday (20), Pedro Cerize spoke in the special episode of the Market Makers podcast, number 164. He was asked what he understood about market cycles, when he mentioned bitcoin.
According to the investor, there is no way to predict current market cycles as there is not yet enough data to support proper analysis. However, Bitcoin, for example, has been functioning continuously since 2009, which he says proves that the digital currency is solid.
“Just like the guys who study Bitcoin, since 2010 they have been studying Bitcoin and it works. It’s proven, right? Imagine if something could go wrong.
Commenting on his public bet against Mises Capital, Cerize said bitcoin is a religion today. He pointed out that the appreciation of the currency only occurred due to the uncontrolled issuance of money by central banks around the world.
With the bet expiring in 2026, Cerize said that a possible correction in Bitcoin prices, combined with Brazil’s presidential elections, could can make Ibovespa more valuable and he still wins the dispute.
When asked in the lecture what his biggest learning point of 2024 was, he again stated that you should not bet against bitcoin.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
