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Berkshire Hathaway, Inc.(NYSE: BRK-A) (NYSE: BRK-B) the largest state public pension fund in the United States led by investment giant Warren Buffett and the seventh-largest company in the world saw its market capsurpassed by Bitcoin BTC/USD.

What Happened:Berkshire Hathaway's market cap is just over $760 billion, whereas theBitcoin network is worth $770 billion a whole $10 billion more.

See Also:How to get free crypto

What makes it particularly notable isBuffett's past commentary on Bitcoin. Back in early May 2018, he famously described the world's first cryptocurrency asprobably rat poison squared" during a Berkshire Hathaway annual shareholder meeting, whileBerkshires vice chairman and long-time Buffett collaboratorCharlie Munger added thattrading in cryptocurrencies is just dementia.

Buffett has beenseeminglylosing his widespread recognition over the last few years. This culminated with this week's reports that the largest state public pension fund in the U.S. sided with a minority shareholder in sponsoring a proposal to remove Buffett as Berkshire Hathaway's chairman.

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Bitcoin Is Worth More Than Berkshire Hathaway: Is Warren Buffett's Strategy On The Decline? - Benzinga - Benzinga