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 . 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.Near the close of trading, the NYSE announced it would promptly cancel the erroneous trades that resulted from the earlier technical glitch.
According to results from the Nakamoto Portfolio simulator, incorporating even just 1% Bitcoin into Berkshire Hathaway's existing portfolio, with its top stock holdings includingMeanwhile, allocating 5-10% of the portfolio to Bitcoin could have achieved impressive returns of 328-410% for Warren Buffett in the same period.
Buffett's resilience toward Bitcoin has not stopped the cryptocurrency from becoming one of the most valued assets worldwide. 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.Bitcoin's valuation will likely increase in the coming months and years as it gains traction as an alternative safe haven to gold, which currently holds a market cap of $15.8 trillion.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Bitcoin hash ribbons flash the first buy signal since $25K BTC price