{"id":25288,"date":"2025-05-05T20:01:41","date_gmt":"2025-05-05T20:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25288"},"modified":"2025-05-05T20:01:41","modified_gmt":"2025-05-05T20:01:41","slug":"bitcoin-likely-still-rat-poison-at-berkshire-hathaway-even-without-warren-buffett","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25288","title":{"rendered":"Bitcoin Likely Still ‘Rat Poison’ at Berkshire Hathaway Even Without Warren Buffett"},"content":{"rendered":"
\n

Warren Buffett, the billionaire investor who helped shape Berkshire Hathaway into a global investment powerhouse, is stepping down as CEO at year-end \u2014 but his distaste for bitcoin (BTC) will likely live on at the firm.<\/p>\n<\/p>\n

Buffett, who will remain chairman of the board, has famously described bitcoin as \u201crat poison squared\u201d and a \u201cgambling token,\u201d signaling a strong ideological opposition to digital assets. His legacy on this issue casts a long shadow over his successor, Greg Abel, who now takes the reins of day-to-day leadership.<\/p>\n<\/p>\n

For investors hoping for a shift in Berkshire\u2019s crypto stance, the odds look slim.<\/p>\n<\/p>\n

\u201cI would be very surprised if there\u2019s a meaningful change in Berkshire\u2019s attitude toward Bitcoin,\u201d said Meyer Shields, managing director at KBW. \u201cOn the merits, I think there\u2019s a vast difference between the Buffett\/Munger attitude to technology stocks (which they admitted to not understanding) and their expressed opposition to cryptocurrency.\u201d<\/p>\n<\/p>\n

Currently chairman and CEO at Berkshire Hathaway Energy and vice-chairman of Berkshire’s non-insurance operations, incoming CEO Abel is unlikely to make sudden moves that could signal a break from Buffett’s and recently deceased Charlie Munger’s longstanding views, added Shields. \u201cI expect Greg Abel to initially avoid doing anything that could look like a marked shift away from Buffett\u2019s and Munger\u2019s values, even if he actually disagrees.\u201d<\/p>\n<\/p>\n

During a meeting with shareholders, Buffet expressed flexibility to diversify into other currencies if the U.S. economy were to weaken more, saying that \u201cthere could be [\u2026] things happen in the United States that […] make us want to own a lot of other currencies.\u201d However, given Buffet\u2019s continued critique of cryptocurrencies, it seems unlikely that would include bitcoin.<\/p>\n<\/p>\n

Still, the succession was handled with characteristic flair. \u201cAnother brilliant example of handling a major situation for Berkshire,\u201d said Macrae Sykes, portfolio manager at GAMCO Investors. He praised Buffett\u2019s decision to keep the news under wraps until the shareholder meeting, allowing him to \u201caddress questions and enjoy the engagement with shareholders without the succession overhang.\u201d<\/p>\n<\/p>\n

Sykes sees Buffett\u2019s continued presence on the board as a stabilizing force: \u201cShareholders should welcome this transparent transition, but also have confidence that Warren isn’t going anywhere.\u201d<\/p>\n<\/p>\n

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk\u2019s full AI Policy<\/a>.<\/em><\/p>\n

<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Warren Buffett, the billionaire investor who helped shape Berkshire Hathaway into a global investment powerhouse, is stepping down as CEO at year-end \u2014 but his distaste for bitcoin (BTC) will likely live on at the firm. Buffett, who will remain chairman of the board, has famously described bitcoin as \u201crat poison squared\u201d and a \u201cgambling […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25288","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25288"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25288\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}