Warren Buffett's $BTC Bitcoin Stance Remains Unchanged
Despite stepping down as CEO of Berkshire Hathaway, Warren Buffett's influence on the company's decisions will persist. His successor, Greg Abel, is expected to maintain the company's traditional stance on Bitcoin, which Buffett has notoriously dubbed "rat poison."
Buffett's Scathing Criticism of Bitcoin
Over the years, Buffett and his right-hand man, Charlie Munger, have expressed their disdain for Bitcoin and cryptocurrency. Here are some notable quotes:
- "Bitcoin is a toxic asset, squared." — Buffett
- "Cryptocurrency is worthless, and its supporters are delusional." — Munger
- "Bitcoin generates zero value. It's merely a speculative tool." — Buffett
- "Investing in crypto is like celebrating your neighbor's overpriced home purchase." — Munger
- "I wouldn't touch Bitcoin with a ten-foot pole, even at $25." — Buffett
- "Cryptocurrency is a financial plague. It should be eradicated." — Munger
No Shift in Berkshire Hathaway's Bitcoin Policy
Analysts predict that Greg Abel will maintain Berkshire Hathaway's cautious approach to Bitcoin, avoiding any drastic changes to the company's investment policies. As Buffett remains on the board of directors, his skeptical views on Bitcoin will likely continue to shape the company's stance on cryptocurrency.
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