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Perfect Revenge: Bitcoin Matches Berkshire Hathaway in Total Market Cap

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.             

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