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‘Bitcoin Fixes This’: Crypto Community Reacts to Berkshire Hathaway’s 99% Stock Glitch


In a surprising turn of events, Berkshire Hathaway’s class A shares (BRK.A) briefly crashed 99% due to a technical glitch at the NYSE, sparking a wave of reactions from the Bitcoin community, who took aim at Warren Buffett’s past criticisms of cryptocurrencies.

Why It Matters

The incident highlights the stark contrast between traditional financial systems and decentralized cryptocurrencies like Bitcoin. While the NYSE halted trading for BRK.A, Bitcoin’s 24/7 network remained unaffected, prompting discussions about the resilience and reliability of blockchain technology in the face of technical issues plaguing traditional markets.

By the Numbers

  • BRK.A shares dropped from $621,000 to $185 apiece at 9:49 am ET
  • Trading resumed within a few hours, with BRK.A closing the day 0.59% higher
  • Since Buffett’s “rat poison squared” comment in May 2018, BRK.A has gained 114%, while Bitcoin has surged 600%

What’s Next

The glitch at the NYSE raises questions about the reliability of traditional stock exchanges and may fuel further interest in decentralized alternatives like Bitcoin. As more investors become aware of the inherent risks in centralized systems, the crypto market could see an influx of new participants seeking to diversify their portfolios with digital assets.

The Big Picture

The Berkshire Hathaway stock glitch serves as a reminder that no financial system is immune to technical issues or human error. While critics like Warren Buffett and Charlie Munger have dismissed Bitcoin as a speculative and volatile investment, the incident demonstrates that traditional markets are not without their own risks. As the world becomes increasingly digitized, the debate between centralized and decentralized financial systems is likely to intensify, with the crypto community continuing to advocate for the benefits of blockchain technology.

What are your thoughts on the Berkshire Hathaway stock glitch and its implications for the future of finance? Leave a comment below and share your perspective on this intriguing development in the world of investing.

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