This caused a particularly funny reaction in the crypto community. So many crypto enthusiasts reminded Warren Buffett of his criticism of the main cryptocurrency. In particular, the famous investor called Bitcoin a “gambling asset” that is worthless. Many noted that, unlike Berkshire Hathaway stock, the cryptocurrency had never experienced such an epic drop.
Notably, Edward Snowden, known for his role in disclosures of top-secret intelligence information, joined the party, simply stating, “Bitcoin fixes this.”
While Berkshire Hathaway and Warren Buffett are watching their shares halt trading and the crypto community is collectively poking fun at them, the price of BTC continues to take investors on a roller coaster ride.
Thus, today, the main cryptocurrency managed to grow by 3.75% to above $70,000 BTC, and then sharply collapsed by more than 2.5%, stopping at the level of $68,500. Currently, Bitcoin is trading at approximately $69,200, triggering a mix of fear and greed among investors.
For now, all eyes are on Bitcoin as it navigates the currents of market sentiment, leaving investors to ponder the age-old question: who will emerge victorious in this game?
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
