{"id":28077,"date":"2018-12-05T17:09:53","date_gmt":"2018-12-05T16:09:53","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=28077"},"modified":"2018-12-05T17:50:45","modified_gmt":"2018-12-05T16:50:45","slug":"why-binance-coin-bnb-should-be-on-your-radar-henceforth","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/why-binance-coin-bnb-should-be-on-your-radar-henceforth\/","title":{"rendered":"Why Binance Coin (BNB) Should Be On Your Radar Henceforth"},"content":{"rendered":"
Anyone who is familiar with the Warren Buffett ‘buying spree’ of Coca-Cola stocks in the 80’s can understand where we are going with this conversation about Binance Coin (BNB). But if you are not familiar with the story of Buffet and Coca-Cola, let as go back a few decades in time to 1988.<\/p>\n
In that year, Buffett spent more than $1 Billion buying Coca-Cola stocks. This amount was equivalent to 6.2% of the company and was directly after the stock market crash of 1987. This means that the time period Buffet was doing the buying, was when Coke stocks were cheap. His investment in 1988 has grown a record 16 times as reported by Investopedia.com<\/a>.<\/p>\n The fundamental analysis that led Buffet to buy Coca-Cola stock is no different from why crypto traders might be drawn to BNB. Back then, Buffett saw the management at Coke was solid and their expansion plans were global. The soft drink manufacturer went on to\u00a0even sponsored<\/a> the 1996 Olympics. Coke was a brand that was known\u00a0 and had a successful product to back up the claim.<\/p>\nWhy Did Buffet Choose Coca-Cola?<\/strong><\/h4>\n
Possible Parallels Between Coke and Binance\u00a0<\/strong><\/h4>\n