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2024-06-04 15:26:31

Joker on Nostr: Warren Buffett's Berkshire Hathaway Did Crash 99% ...Against Bitcoin Since 2015 ...

Warren Buffett's Berkshire Hathaway Did Crash 99% ...Against Bitcoin Since 2015 😂🤣😹👍🏿

On June 3, Berkshire Hathaway's stock, BRK.A, experienced a dramatic but brief drop due to a technical glitch on the New York Stock Exchange (NYSE). The glitch caused Berkshire shares to appear to have fallen by nearly 100%, prompting the NYSE to halt trading in several high-profile stocks to correct the issue.

Berkshire Hathaway's stock has plummeted by nearly 100% in value compared to Bitcoin since 2015—from about 1,000 BTC to 9.15 BTC.

This is something entirely impossible with Bitcoin considering it doesn't singularly trade on a centralized exchange like the NYSE.

As of June 4, Bitcoin's net market capitalization was around $1.36 trillion, which makes it the world’s ninth-largest asset by valuation. Interestingly, BTC is ahead of Meta Platforms and Berkshire Hathaway, whose market cap are $1.20 billion and $899.36 million.

The price of gold, like Berkshire Hathaway stock, has dropped over 99% versus Bitcoin since 2015.
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