On Monday, NSA whistleblower Edward Snowden once again expressed his support for Bitcoin (BTC). Snowden’s statement came in the wake of a significant market disruption that saw Berkshire Hathaway shares plummet by 99% due to a technical glitch on the New York Stock Exchange (NYSE). This incident has reignited discussions about the robustness and reliability of traditional financial systems versus decentralized alternatives.
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A technical glitch on the NYSE triggered extreme price swings in several securities, causing a temporary suspension of trading. Approximately two hours after the NYSE halted trading, it was reported that all systems were operational again.
Among the affected securities, shares of Berkshire Hathaway, Warren Buffett‘s storied investment company, and Barrick Gold, a major mining group, experienced dramatic and erroneous declines of around 99% in value. Berkshire Hathaway shares, which typically trade at more than $622,000, dropped pr
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