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On June 3, Berkshire Hathaway’s stock, BRK.A, experienced a dramatic but brief drop due to a technical glitch on the New York Stock Exchange (NYSE). The glitch caused Berkshire shares to appear to have fallen by nearly 100%, prompting the NYSE to halt trading in several high-profile stocks to correct the issue.
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 <img src="https://s3.cointelegraph.com/uploads/2024-06/60f03194-bf76-4190-b2b8-4db56722b41a.png" alt="" title="">
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 Price chart showing the price of BRK.A plummeting due to a technical glitch. Source: Walter Demeer&nbsp;on X
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Near the close of trading, the NYSE announced it would promptly cancel the erroneous trades that resulted from the earlier technical glitch. Nonetheless, this whole episode has brought the <a href="https://x.com/tom_honzik/status/1797712711838732402" target="_blank" rel="noopener nofollow">market’s attention</a> to Berkshire Hathaway’s stock gross underperformance against Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) over the past decade — without any glitch.
<h2 id="berkshire-hathaway-is-down-nearly-99-versus-bitcoin">Berkshire Hathaway is down nearly 99% versus Bitcoin</h2>
Berkshire Hathaway’s stock has plummeted by nearly 100% in value compared to Bitcoin since 2015—from about 1,000 BTC to 9.15 BTC.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-06/48eb80da-ed58-4e0b-a7fa-517a70599dc1.png" alt="" title="">
 <figcaption style="text-align: center;">
 BRK.A versus BTC/USD weekly performance chart. Source: TradingView
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Interestingly, BTC’s performance against BRK.A and its top stock holdings starkly contrast with Berkshire Hathaway owner Warren Buffett’s critical view of Bitcoin, which he once famously described as “<a href="https://cointelegraph.com/news/warren-buffett-was-wrong-about-a-rat-poison-bitcoin-portfolio-data-shows">rat poison squared</a>.”
According to results from the Nakamoto Portfolio simulator, incorporating even just 1% Bitcoin into Berkshire Hathaway’s existing portfolio, with its top stock holdings including <a href="https://cointelegraph.com/news/apple-fierce-competition-monopoly-suit-dismissal-bid-letter">Apple</a>, Bank of America and American Express, could have boosted returns from 214% to 240% on a five-year adjusted timeframe.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-06/1f17840f-2482-4fa2-bf85-3337d1d6393c.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://nakamotoportfolio.com/orangenomics/analyze?portfolio=%5B%5B%22AXP%22%2C0.11539999999999999%5D%2C%5B%22AAPL%22%2C0.4921%5D%2C%5B%22BAC%22%2C0.1324%5D%2C%5B%22CVX%22%2C0.062%5D%2C%5B%22KO%22%2C0.0814%5D%2C%5B%22OXY%22%2C0.048600000000000004%5D%2C%5B%22KHC%22%2C0.0365%5D%2C%5B%22MCO%22%2C0.0316%5D%5D&amp;tickers=%5B%5B%22AXP%22%2C%22American%20Express%20Company%22%5D%2C%5B%22AAPL%22%2C%22Apple%20Inc.%22%5D%2C%5B%22BAC%22%2C%22Bank%20of%20America%20Corporation%22%5D%2C%5B%22CVX%22%2C%22Chevron%20Corporation%22%5D%2C%5B%22KO%22%2C%22Coca-Cola%20Company%20(The)%22%5D%2C%5B%22OXY%22%2C%22Occidental%20Petroleum%20Corporatio%22%5D%2C%5B%22KHC%22%2C%22The%20Kraft%20Heinz%20Company%22%5D%2C%5B%22MCO%22%2C%22Moody%27s%20Corporation%22%5D%2C%5Bnull%2Cnull%5D%5D&amp;start_date=%222017-04-26T20%3A00%3A00.000Z%22&amp;end_date=%222024-06-02T20%3A00%3A00.000Z%22&amp;rebalance=%22never%22&amp;allocations=%220.01%2C0.05%2C0.10%22&amp;window=30" target="_blank" rel="noopener nofollow">Nakamoto Portfolio</a>
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Meanwhile, allocating 5%–10% of the portfolio to Bitcoin could have achieved impressive returns of 328%–410% for Buffett in the same period.
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 <img src="https://s3.cointelegraph.com/uploads/2024-06/2d80a98e-a746-45a8-a694-5ce8053b58ac.png" alt="" title="">
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 Source: <a href="https://x.com/tom_honzik/status/1797712711838732402" target="_blank" rel="noopener nofollow">Tom Honzik</a>
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<h2 data-ct-non-breakable="true" id="bitcoin-more-valuable-than-berkshire-meta">Bitcoin more valuable than Berkshire, Meta</h2>
Buffett’s reticence toward Bitcoin has not stopped the cryptocurrency from becoming one of the most valued assets worldwide.
As of June 4, Bitcoin’s net market capitalization was around $1.36 trillion, which makes it the world’s ninth-largest asset by valuation. Interestingly, BTC is ahead of Meta Platforms and Berkshire Hathaway, whose market caps are $1.20 billion and $899.36 million, respectively.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-06/8a66ba5b-5905-48f8-9222-6e9b3111095d.png" alt="" title="">
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 Top assets and firms by market cap worldwide. Source: CompaniesMarketCap
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Bitcoin’s valuation will likely increase in the coming months and years as it gains traction as an alternative safe haven to gold, which currently holds a market cap of $15.8 trillion. 
Related:&nbsp;<a href="https://cointelegraph.com/news/bitcoin-volatile-tesla-nvidia-stocks-100k-price-prediction">Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction</a>
For instance, the price of gold, like Berkshire Hathaway stock, has dropped over 99% versus Bitcoin since 2015.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-06/6f30804c-90cf-4e9a-9332-79f042a321f9.png" alt="" title="">
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 XAU/USD versus BTC/USD monthly performance chart. Source: TradingView
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According to veteran trader <a href="https://cointelegraph.com/news/bitcoin-worth-100-oz-gold-veteran-trader-peter-brandt">Peter Brandt</a>, Bitcoin will likely grow 230% to reach a new record high of 100 ounces of gold per BTC. In doing so, the cryptocurrency may jump above silver’s market cap of $1.68 trillion next.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Warren Buffett’s Berkshire Hathaway did crash 99%... against Bitcoin since 2015

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