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Elon Musk Shares “Hodl” Warren Buffett’s Tweet, Crypto Community Goes Crazy
Yuri Molchan
Elon Musk comments on recent glitch that made Warren Buffett’s company’s stock price appear to have plummeted by 100%
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Technology mogul Elon Musk, an active user of Platform He also mentioned artificial intelligence.
One of the tweets Musk shared in connection with this was a jokingly created screenshot of Buffett’s tweet, which read “hodl.”
Berkshire Hathaway shares “collapse”, comments Musk
Musk shared a tweet from the @TrungTPhan account, which stated that “Buffett just posted on this platform for the first time in 9 years to clarify this Berkshire Hathaway issue.”
What the legendary stock investor allegedly posted to convince the company’s shareholders not to sell BRYN was “hodl” – a meme that originated from the misspelling of the word “hold” and then turned into a popular acronym in the community crypto, which stands for “hold”. forward throughout your life.
Musk responded with a “face with tears of joy” emoji. The crypto community appreciated Musk’s reaction and the repost he made, getting excited and starting to joke Warren Buffett and the glitch of which Berkshire Hathaway became a victim. Many claimed that the screenshot reading “hodl” was a fake and began discussing the situation with Buffett’s company.
Musk also reposted a tweet from the news channel Zerohedge, which also commented on the situation with the glitch on the Bloomberg terminal, stating: “What can go wrong when you have artificial intelligence reporting every market movement.” The screenshot of the display showed that Berkshire Hathaway’s Class A shares had suddenly plummeted from $624,400 to $185.10 per share.
The humorous reaction from the crypto community was caused by the fact that Warren Buffett is a strict Bitcoin hater.
Here’s what really happened
The aforementioned glitch occurred on Monday and made Berkshire Hathaway’s Class A shares look classy they dropped by 100% on the New York Stock Exchange for much of the morning.
Trading in those shares was then suspended. The glitch also affected the share price of Barrick Gold and Nuscale Power, among 40 assets. According to the NYSE, the technical difficulties were caused by price ranges published by the Consolidated Tape Association, a popular tool provided by this organization and used by many large market trading venues.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects of it. He has written for several crypto media. His articles have been cited by cryptocurrency influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.