Warren Buffett, the legendary “Oracle of Omaha,” is stepping down as CEO of Berkshire Hathaway after 60 years, shaking up markets as shares dipped nearly 5%. The torch passes to longtime executive Gregory Abel. Buffett, famous for his skepticism of crypto—once calling Bitcoin “rat poison squared”—now exits just as Bitcoin proves surprisingly resilient, up 10x since his 2018 remarks. Despite his distaste for digital assets, crypto has flourished during his tenure. Buffett will remain chairman, but at 94, even that role may soon change. His departure could usher in a new era for Berkshire—and for investors watching the tension between traditional finance and decentralized assets. As the investment world changes, Buffett’s influence begins to fade, while crypto continues to defy even the biggest skeptics.
Conclusion:
While Buffett’s legacy is unmatched, his exit may signal a shifting tide where new technologies and ideas, like crypto, gain greater momentum.
Takeaways:
Warren Buffett resigns as Berkshire Hathaway CEO after 60 years.
Stock drops 4.87% following the announcement.
Buffett's anti-crypto stance contrasts with Bitcoin’s strong growth.
Gregory Abel named successor.
Crypto continues rising despite traditional investor skepticism.
Source: Bitcoin.com
