A technical malfunction that befell the New York Stock Exchange (NYSE) on Monday caused a temporary disruption in trading, resulting in a notable downturn in the A-class shares of Berkshire Hathaway (NYSE), the investment conglomerate helmed by Warren Buffett. The incident, which prompted trading halts and triggered an investigation by the NYSE, captured the attention of the cryptocurrency community.
The peculiar episode elicited a particularly humorous reaction within the crypto sphere. Numerous crypto enthusiasts took the opportunity to remind Warren Buffett of his past criticism of the primary cryptocurrency. Specifically, the renowned investor had labeled Bitcoin as a “gambling asset” of no value. Many observers pointed out the irony that, unlike Berkshire Hathaway stock, Bitcoin had never endured such a dramatic plunge.
In a noteworthy turn, Edward Snowden, famed for his involvement in disclosing top-secret intelligence information, joined in the jest, succinctly stating, “Bitcoin fixes this.”
While Berkshire Hathaway and Warren Buffett found themselves grappling with trading halts, the crypto community seized the moment to collectively jest at their expense. Meanwhile, the price of Bitcoin continued its characteristic volatility, taking investors on a roller coaster ride.
Indeed, today witnessed the main cryptocurrency’s ascent by 3.75% to surpass the $70,000 mark for BTC, only to swiftly plummet by over 2.5%, settling at approximately $68,500. Presently, Bitcoin is trading around $69,200, evoking a blend of apprehension and enthusiasm among investors.
With all eyes fixed on Bitcoin as it navigates the currents of market sentiment, investors are left pondering the timeless query: who will emerge triumphant in this ever-evolving landscape?
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