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Warren Buffett’s Berkshire Hathaway has fallen 99% against Bitcoin since 2015 — TradingView News
On June 3, shares of Berkshire Hathaway, BRK.A, suffered a dramatic but brief decline due to a technical issue on the New York Stock Exchange (NYSE). The problem caused Berkshire’s shares to appear to plummet nearly 100%, prompting the NYSE to halt trading in several high-profile stocks to correct the problem.Cointelegraph
Near the close of trading, the NYSE announced that it would promptly reverse erroneous trades resulting from the previous technical issue. However, the entire episode drew the market’s attention to the gross underperformance of Berkshire Hathaway stock relative to Bitcoin 
Berkshire Hathaway is down nearly 99% versus Bitcoin
Berkshire Hathaway’s stock value has plummeted nearly 100% versus Bitcoin since 2015, from around 1,000 BTC to 9.15 BTC.
Interestingly, BTC’s performance relative to BRK.A and its major stock holdings contrasts sharply with Berkshire Hathaway owner Warren Buffett’s critical view of Bitcoin, which he once famously described as “rat poison squared.” .
According to the results of the Nakamoto portfolio simulator, incorporating even just 1% of Bitcoin into Berkshire Hathaway’s existing portfolio, with its major stock holdings including Apple, Bank of America and American Express, could have boosted returns by 214% at 240% out of five. -year adjusted time horizon.
Meanwhile, by allocating 5-10% of his portfolio to Bitcoin, Warren Buffett could have achieved impressive returns of 328-410% over the same period.
Berkshire’s Most Valuable Bitcoin, Meta
Buffett’s resilience towards Bitcoin has not stopped the cryptocurrency from becoming one of the most valued assets in the world.
As of June 4, Bitcoin’s net market capitalization was approximately $1.36 trillion, making it the ninth-largest asset in the world. Interestingly, BTC is ahead of Meta Platforms and Berkshire Hathaway, whose market capitalization is $1.20 billion and $899.36 million.
Bitcoin’s valuation will likely rise in the coming months and years as it gains traction as a safe haven alternative to gold, which currently holds a market capitalization of $15.8 trillion.
Related: Bitcoin Volatility Slumps Below Tesla, Nvidia Stocks in $100,000 Price Prediction
For example, the price of gold, like that of Berkshire Hathaway stock, has fallen more than 99% versus Bitcoin since 2015.
According to veteran trader Peter Brandt, Bitcoin will likely rise 230% to reach a new record high of 100 ounces of gold per BTC. By doing so, the cryptocurrency could surpass silver’s market capitalization of $1.68 trillion.
This article does not contain investment advice or recommendations. Every investing and trading move involves risk, and readers should conduct their own research before making a decision.