**Bitcoin Surpasses Berkshire Hathaway in Market Cap**
*Cryptocurrency Overtakes Warren Buffet’s Conglomerate Holding Company*
Bitcoin (BTC) has made headlines as it surpasses the market value of American conglomerate holding company Berkshire Hathaway. On December 4, BTC’s market cap rose above $800 billion, overtaking billionaire investor Warren Buffet’s company on December 3.
**Bitcoin vs. Berkshire Hathaway**
Over the weekend, as Bitcoin surged past $40,000, its market capitalization rose to above $780 billion, surpassing Berkshire Hathaway’s $779 billion on December 3. The class A stock of Berkshire Hathaway closed at $542 on December 1, with a market capitalization of $779 billion, according to data from TradingView. While Berkshire Hathaway’s stock has seen a slight decline, slipping around 1.3% over the past five days, it is still up 4.7% over the past 30 days and 14.7% year to date (YTD).
The volatility of Berkshire Hathaway’s stock is nowhere near that of Bitcoin, which surged 20% over the past month and almost 150% YTD, as per data from CoinGecko. Bitcoin has been steadily hitting multi-month highs, surpassing $41,000 on December 4 for the first time since April 2022.
**Bitcoin’s Market Cap Surges**
At the time of writing, Bitcoin’s market cap amounts to $811 billion, which is 4% higher than the market value of Berkshire Hathaway. Cryptocurrency lawyer John Deaton took to X (formerly Twitter) to comment on the news, referring to the words of Berkshire Hathaway CEO Warren Buffett, who famously called Bitcoin “rat poison squared” in 2018.
According to data from CompaniesMarketCap, Bitcoin is now the 10th biggest asset by market cap, following Meta Platforms (formerly Facebook) and Nvidia. With Bitcoin’s market cap surging past $800 billion, the cryptocurrency is now 38% short of its all-time high market value posted in November 2021, when BTC price was closing at $69,000.
**The Road to $1 Trillion Market Cap**
The current bullish action could mark the second time in the history of Bitcoin when its market capitalization would reach $1 trillion. Bitcoin previously broke a $1 trillion market cap in February 2021 at $53,700.
In conclusion, Bitcoin’s rise in market cap relative to Berkshire Hathaway reflects the growing prominence of cryptocurrencies in the global financial landscape, with the potential for further milestones on the horizon.
I have been writing about crypto for over two years. I have a vast amount of experience in the industry and my work has been featured on some of the biggest publications in the space.
