• Fri. Jul 12th, 2024

Bitcoin Enthusiast is Gearing up to Sell his Holdings to Berkshire Hathaway after making 10K times gains

Christian Klausen

ByChristian Klausen

May 3, 2021

The crypto community has become divided over the recent ballistic remarks of Berkshire Hathaway VC Charlie Munger. The 97-years financial mogul recently referred to Bitcoin as disgusting and a tool for criminal financing. However, many crypto enthusiasts agree to give the legendary investor a free hall pass on his Bitcoin reviews. At the same time, most are speculating that the senior investors do not understand that how cryptocurrencies operate. Nevertheless, some seem to be retaliating with a touch of subtlety.

Barry Silbert, CEO of Digital Currency Group (DCG), took to Twitter to remark that he would love to sell some Bitcoins to Berkshire Hathaway when the cryptocurrency hits the six-figure mark eventually. The response has generated mixed feelings about the entire scenario. Many are calling out Silbert on his willingness to sell out the Bitcoin at such a crucial stage. 

The crypto community seemed to have mellowed up to the sentiments of the aging financial wizard. Many are saying that the veteran bankers Warren Buffet and Charlie Munger have earned their stripes, and they are entitled to express their personal opinions. However, when it comes to new market ways and investment advice, people seem to follow the fresh faces in the industry more vehemently.

Silbert has been called out by cryptocurrency maximalist Anthony Pompalino that his reaction seems to be harsh about Bitcoin sales. To which Silbert replied that he would love to partner with Berkshire Hathaway and slip them a few SATS when he can make 10,000 times gains from crypto exposure. At the end of the day, the fact remains that the Bitcoin market cap has reached $1.05 trillion while Berkshire Hathaway is sitting on $630 billion.

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Bitcoin Market to Witness Massive Gains in May

Digital Asset analytics service PlanB has predicted that the Bitcoin market is on its way towards the much anticipated six-figure evaluation. The service attributes this bullish prediction to the stock-to-flow model that is bleeping brightly with an orange spot. This type of behavior is often witnessed when the cryptocurrency is getting ready for a massive upsurge. 

It seems like the flagship cryptocurrency would be able to ricochet the cynical remarks of Munger and keep gaining substantial momentum in the market. The Bitcoin bears were sharpening their teeth to get ready for introducing short positions when the BTC drop downed to $47,000 a few days ago. However, Bitcoin made a strong comeback and is trending for $58,000 at present.

Christian Klausen

Christian Klausen

Christian Klausen is a talented news writer renowned for his compelling storytelling and comprehensive research. With a sharp eye for detail, his articles offer readers a thought-provoking and well-informed perspective on a wide range of current topics.

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