Warren Buffett Hands Over Berkshire Hathaway – New Bitcoin Opportunities Under Successor Abel?

Warren Buffett Hands Over Berkshire Hathaway – New Bitcoin Opportunities Under Successor Abel?

After 60 years at the helm of Berkshire Hathaway, Warren Buffett is stepping down – his successor Greg Abel could take a different stance on Bitcoin.

Warren Buffett is ending a sixty-year era at the helm of Berkshire Hathaway with his last day of work on December 31, 2025. The 95-year-old transformed the holding company from a struggling textile business into a financial giant with a valuation of $1.1 trillion.

The "Oracle of Omaha" has consistently rejected the leading cryptocurrency categorically. In May 2022, Buffett stated he would not buy all the Bitcoin in the world even for $25. He justified his skepticism with Bitcoin's "lack of productivity": the cryptocurrency does not grow and produces nothing – similar to his dismissive stance toward gold.

His 63-year-old successor Greg Abel is inheriting a "war chest" of $382 billion in cash reserves. Just one percent of that would be sufficient to purchase 44,000 BTC. Unlike Buffett, Abel has not explicitly positioned himself as Bitcoin-skeptical thus far. However, observers expect him to continue Buffett's legacy and focus on cash-flow-generating businesses – even though precedents like Vanguard show that institutional attitudes can change.

Sources

  1. [1]btc-echo.de

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