Posted 3/4/2024, 6:08:28 PM
Buffett: Markets More Casinolike As Coinbase Crashes, Sparking Comparisons to Robinhood's Meme Stock Mayhem
- Warren Buffett said markets now exhibit "more casinolike behavior" than when he was young
- Coinbase crashed temporarily due to a surge in traffic, reminding some traders of Robinhood's 2021 meme stock fiasco
- A Reddit post dubbed it Coinbase's "Robinhood Moment"
- While volatile, Coinbase stock is still up 215% in the past year largely due to Bitcoin's rise
- Buffett's Berkshire Hathaway achieved a 33% gain over the past year with lower volatility than Coinbase
