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Bitcoin overtakes Warren Buffett's Berkshire Hathaway

Bitcoin is a "token for gamblers" and has no intrinsic value, explained billionaire and Berkshire Hathaway CEO Warren Buffett out in an interview.

By Luc Vesters
• 1 min read
Bitcoin overtakes Warren Buffett's Berkshire Hathaway

Bitcoin is a "token for gamblers" and has no intrinsic value, explained billionaire and Berkshire Hathaway CEO Warren Buffett out in an interview. The 92-year-old compared the crypto market to a roulette wheel and slot machines.

Meanwhile, the "gambling token" - thanks in part to the recent bull run - has a market capitalization of $816 billion. This means Bitcoin is valued about five percent higher than Berkshire Hathaway at $777 billion. Warren Buffett is considered a legend among American investors. His net worth is more than $124 billion. He has been known for some time for his persistent criticism of Bitcoin.

The No. 1 cryptocurrencies is also ahead of Tesla or Visa. In the list of relevant assets, Bitcoin in tenth place, $18 billion behind Meta (Facebook). The cryptocurrency has been performing well since the beginning of the year. It rose more than 140 percent during this period. Current price: $42,028. In the last 24 hours alone, cryptocurrencies rose nearly seven percent.

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