Warren Buffett Beaten by Bitcoin (BTC), Here's What Happened

Bitcoin surpasses Warren Buffett's company

Prominent VC investor and partner at Morgan Creek Digital Anthony Pompliano (known on crypto Twitter as “Pomp”) published a tweet to spread the word that Bitcoin has in a way scored a major victory over its biggest antagonist, legendary investor Warren Buffett (known as the “Oracle of Omaha”) and his Berkshire Hathaway investment fund. Buffett is known to be a persistent Bitcoin hater, although, according to Tron founder Justin Sun, the legendary investor does hold some BTC and TRX.

A vocal Bitcoin evangelist in the past, currently Pompliano is paying a lot more attention to other assets and investment strategies, as he decided that one should not be focused on Bitcoin only. This reverse happened between 2019 and 2022. According to Pomp’s letter to investors published in September 2022, in 2019 he predicted that Bitcoin would rise to $100,000 within 2.5 years from $12,000 back then. However, all BTC did was increase to $69,000 in October 2021, failing to meet Pompliano’s high expectations of it. This impacted Pompliano’s decision to remove “laser eyes” from his Twitter profile picture and admit that “Bitcoin helped to humble” him.

In his recent tweet, Pompliano wrote that “Bitcoin's market cap is now higher than Berkshire Hathaway's market cap.” Warren Buffett’s world-famous investment company’s market capitalization has reached $788.13 billion market value, while the leading cryptocurrency Bitcoin’s market capitalization value stands at $813,538,305,656, according to CoinMarketCap analytics website.

In a response to one of the comments under his Twitter post, Pompliano specified that “Bitcoin is up approximately 1,000% in the last 5 years. Berkshire is up 76% in the same time frame.”

On Nov. 28, Munger passed away at the age of 99, remaining active in his position as vice president until his death.

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