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by Terretta
2421 days ago
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BTC needs to move its decimal point. Like Berkshire Hathaway: Investors appear to like Berkshire Hathaway stock in the $60s and even the $70s more than they liked it at roughly $3500 a share. Berkshire shareholders approved a 50-for-1 stock split of Berkshire's Class B shares yesterday. Trading began today. The lower price is seen as an opening for small investors who couldn't afford the old four-figure price tag. At yesterday's meeting, Warren Buffett told shareholders that the increased trading volume and liquidity for the Class B shares after the split could make it the key driver of Berkshire's market value. "The B may be the tail that wags the dog now." https://www.cnbc.com/id/34973846 On the other hand: https://www.investopedia.com/ask/answers/021615/why-doesnt-w... |
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You can't win.
> opening for small investors who couldn't afford the old four-figure price tag.
That's an issue that doesn't exist for Bitcoin though-- you can purchase FAR less than one bitcoin at a time.