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Perfect Revenge: Bitcoin Matches Berkshire Hathaway in Total Market Cap

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Wed, 30/12/2020 - 19:53
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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. 

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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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Image by tradingview.com

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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. 

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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.             

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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