The total market cap of Bitcoin reached $540 billion, more than Buffett’s Berkshire Hathaway as BTC gets closer to $30K.
Bilal Jafar | News (CryptoCurrency) | Thursday, 31/12/2020 | 12:15 GMT+2
Bitcoin, the world’s largest cryptocurrency reached a total market cap of $540 billion yesterday as the BTC price maintained its bullish momentum to reach $29,000. Bitcoin is now more valuable than Warren Buffet’s multinational conglomerate holding company, Berkshire Hathaway.
According to the latest data, Bitcoin price is currently hovering around $29,000, eyeing the important level of $30,000 on the last day of 2020. The price registered a significant jump this year as the world’s most valuable cryptocurrency gained more than 300% in 2020.
Warren Buffett, one of the most prominent investors in the US with a net worth of over $85 billion, called Bitcoin a ‘rat poison’ in 2018 and mentioned that the cryptocurrency is completely useless.