Perfect Revenge: Bitcoin Matches Berkshire Hathaway in Total Market Cap

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Wed, 12/30/2020 - 19:53

Alex Dovbnya

"Rat poison" Bitcoin has just matched the market cap of Berkshire Hathaway while hitting a new all-time high

Perfect Revenge: Bitcoin Matches Berkshire Hathaway in Total Market Cap

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The market capitalization of Bitcoin has now matched that of Berkshire Hathaway, the multinational conglomerate owned by billionaire Warren Buffett.

The cryptocurrency reached a new all-time high of $28,917 at 19:12 UTC on the Bitstamp exchange, with its market cap peaking at $537 billion.

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Earlier this month, Bitcoin also trumped Visa, Samsung, and Walmart, but the latest achievement holds special significance for the crypto king.

Buffett is known as one of the harshest critics of the flagship cryptocurrency who famously dismissed it as "rat poison squared" in May 2018 during an interview with CNBC.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.