Berkshire Hathaway Shares Fall Almost 100%, Edward Snowden: Bitcoin Has Never Been Like This

Berkshire Hathaway shares plunged nearly 100% (Photo; Doc. Brecorder)

JAKARTA - An unexpected incident occurred in the New York Stock Exchange (NYSE) which resulted in an unusual trade disruption. Class A shares of Berkshire Hathaway, controlled by legendary investor Warren Buffett, experienced a dramatic decline of nearly 100%, hitting 185.10 US Dollars (approximately IDR 3 million) from the previous closing price of 627,400 US Dollars (approximately IDR 10 billion).

Although later the shares recovered after trading resumed, this incident has attracted widespread attention, especially from the crypto community.

The crypto community, which often has different views with Buffett on the value and uses of Bitcoin, does not miss the opportunity to satirize. They recalled Buffett's comments that once called Bitcoin a valueless'set of gambling'. Ironically, even though Berkshire Hathaway's shares have experienced a drastic decline, Bitcoin has never experienced such a decline.

Reporting from U.Today, Edward Snowden, known for leaking intelligence classified information, made comments that went viral on social media saying, "Bitcoin is fixing this". This statement, which seems simple but meaningful, has sparked discussion and support from crypto asset advocates, who see Bitcoin as a more stable alternative in dealing with market uncertainty.

Meanwhile, the price of Bitcoin continues to fluctuate significantly. On the same day, Bitcoin had risen 3.75% past 70,000 US Dollars (approximately IDR 1.13 billion), before dropping sharply more than 2.5% to the level of 68,500 US Dollars (approximately IDR 1.11 billion). Currently, Bitcoin is trading around 69,200 US Dollars (approximately IDR 1.12 billion), triggering a mixed reaction among investors, which fluctuates between fear and greed.