{"id":284162,"date":"2021-02-25T12:41:17","date_gmt":"2021-02-25T17:41:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=284162"},"modified":"2021-09-05T03:12:59","modified_gmt":"2021-09-05T07:12:59","slug":"billionaire-charlie-munger-puzzled-by-tesla-and-bitcoins-fortune","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/billionaire-charlie-munger-puzzled-by-tesla-and-bitcoins-fortune","title":{"rendered":"Billionaire Charlie Munger Puzzled By Tesla and Bitcoin’s Fortune"},"content":{"rendered":"

Charlie Munger, the Vice-Chairman of\u00a0<\/span>Berkshire Hathaway<\/span><\/a>, an American conglomerate, has stated that he doesn\u2019t know which is worse between the rocketing share price of Tesla, an electric car company owned by billionaire Elon Musk and the recent bitcoin frenzy.<\/span><\/p>\n

In what appeared to be an unexpected turn of events, Tesla shares went up by 743% last year, although it had fallen by 3% this year (2021). At press time, its market capitalization stood at about $689 billion. On the other hand, since Tesla purchased cryptocurrency valued at $1.5 billion, bitcoin has continued to increase in value, even to more than $50,000 over the past few days.<\/span><\/p>\n