#Warren Buffett’s Berkshire Hathaway did crash 99%...
What does this mean to the crypto community .
Allocating just 1% of Berkshire Hathaway’s portfolio to Bitcoin could have boosted Warren Buffett’s profits by over 25%.
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.
Billionaire investor Warren Buffett, known as the “Oracle of Omaha,” has famously expressed his dislike for Bitcoin, as he referred to it as "rat poison squared" in 2018. Buffett emphasized that Bitcoin lacks intrinsic value, likening its allure to playing the roulette wheel. Berkshire Hathaway Vice Chairman Charlie Munger recently advocated for the U.S. to follow China's lead and ban it, characterizing Bitcoin as a gambling contract heavily skewed in favor of the house.
Is BTC the real inflation killer?
