According to U.Today, a technical malfunction at the New York Stock Exchange (NYSE) on Monday led to a temporary disruption in trading, causing a significant drop in the A-class shares of Berkshire Hathaway, the investment conglomerate chaired by Warren Buffett. The glitch, which led to trading halts and sparked an investigation by the NYSE, drew attention from the cryptocurrency community.
Many in the crypto community used this incident to remind Warren Buffett of his criticism of Bitcoin, which he had previously referred to as a 'gambling asset' that is worthless. They pointed out that, unlike Berkshire Hathaway stock, the cryptocurrency had never experienced such a significant drop. Notably, Edward Snowden, known for his role in disclosures of top-secret intelligence information, joined the conversation, simply stating, 'Bitcoin fixes this.'
While Berkshire Hathaway and Warren Buffett were dealing with halted trading, the price of Bitcoin continued to fluctuate. On the day of the glitch, the main cryptocurrency managed to grow by 3.75% to above $70,000, before sharply falling by more than 2.5%, settling at the level of $68,500. At the time of reporting, Bitcoin was trading at approximately $69,200, triggering a mix of fear and greed among investors.
As the market continues to react to these developments, all eyes are on Bitcoin as it navigates the currents of market sentiment. This leaves investors to ponder the age-old question: who will emerge victorious in this game?