On June 3rd, due to a technical glitch on the New York Stock Exchange (NYSE), the stock of Berkshire Hathaway experienced a dramatic 99% drop. After the NYSE temporarily halted trading and fixed the issue, the Berkshire stock price returned to normal levels.
However, while the 99% drop relative to the US dollar for Berkshire may be false, the 99% drop relative to Bitcoin is indeed true. Historical data shows that Berkshire’s stock price has fallen nearly 99% relative to Bitcoin since 2015, from about 1 share being exchangeable for 1000 BTC to 9.15 BTC.
Interestingly, this phenomenon contrasts sharply with Berkshire owner Warren Buffett’s criticism of Bitcoin, which he has publicly referred to as “rat poison.”
Furthermore, according to the results from Satoshi Nakamoto Investment Portfolio Simulator, even allocating just 1% of Berkshire’s existing investment portfolio to Bitcoin could increase returns from 214% to 240% within a five-year adjusted timeframe. The main stock holdings include Apple, Bank of America, and American Express.
Simultaneously, allocating 5% to 10% of the portfolio to Bitcoin could potentially bring astounding returns of 328% to 410% to Buffett during the same period.
Why Did FamilyMart Enter the Cryptocurrency Sector? Trump’s Second Son Reveals the Truth Behind It.
He stated that the family originally had no plans to enter this field, but the banking sys…