Bitcoin has surpassed the market capitalization of Warren Buffett's investment conglomerate, Berkshire Hathaway (NYSE:BRKa). This development was highlighted by Anthony Pompliano of Morgan Creek Digital on crypto Twitter.
Pompliano emphasized that not only has Bitcoin's market value exceeded that of Berkshire Hathaway, but it has also outpaced the firm's growth over the past five years. This achievement is particularly symbolic for supporters of digital currencies as Buffett has been a vocal critic of Bitcoin and cryptocurrencies in general.
Buffett, known for his long-term investment strategy and skepticism towards speculative assets, is currently ranked as the world’s fifth-richest person with a total wealth of $118.5 billion.
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