Key dishes to remember
- Warren Buffett will resign as CEO of Berkshire Hathaway by the end of the year, Greg Abel taking over.
- Under the direction of Buffett, Berkshire carried out an annual gain made up of 20% from 1965 to 2024, considerably surpassing the S&P 500.
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The executive president of the strategy Michael Saylor called Berkshire Hathaway, the famous investment company led by the legendary Warren Buffett, the Bitcoin of the 20th century.
Berkshire Hathaway is the 20th century bitcoin.
– Michael Saylor (@saylor) May 3, 2025
Saylor made the declaration on May 3, the same day as the annual meeting of shareholders of Berkshire Hathaway in Nebraska. Shortly after, Buffett announced that he planned to resign from CEO by the end of the year, passing the torch to the vice-president Greg Abel.
“I think the time has happened when Greg should become the company’s chief executive officer at the end of the year,” said Buffett at the end of the Berkshire meeting.
The 94 -year -old billionaire, who has managed the Berkshire for 60 years, said that he would not sell any of his Berkshire shares and plans to remain involved in certain questions, CNBC reported.
The movement marks the end of an era for one of the most emblematic figures of world finance. Buffett transformed the Berkshire into a conglomerate of $ 1.1 billion of dollars and has become a long -term disciplined investment symbol.
Buffett alludes to the diversification of other currencies
During the meeting too, Buffett noted that Berkshire avoids holding assets linked to the collapse that collapse. Society, he said, is open to the diversification of other currencies if the United States faces economic problems.
“Obviously, we would not want to own anything that we thought we were in a currency that really went to hell,” he said. “There could be … things happen in the United States which … make us want to have many other currencies.”
The other key subjects raised during the meeting included trade, the American economy, investment and politics. On trade policy, Buffett highlighted the value of a balanced global trade and warned that commercial conflicts can act as an economic war.
Expressing deep faith in American exceptionalism, Buffett described the United States to be born and invest, but expressed concern about the country’s growing budget deficit, describing it as unbearable in the long term.
He underlined the Berkshire opportunistic investment approach, revealing that the company had recently envisaged an agreement of $ 10 billion and could spend up to $ 100 billion in the right conditions.
Buffett argued that titles offer much better opportunities than real estate, especially in the United States, and have stressed the company’s unique capacity to invest in large-scale energy infrastructure if national policy is changing. He rejected the recent market volatility as a minor and urged investors to stay without emotion.
Buffett avoids bitcoin, but Berkshire has indirect exposure
Warren Buffett has long been a vocal critic of Bitcoin and other cryptographic active ingredients, describing Bitcoin famous as “a rascal poison in the square” and claiming that neither he nor Berkshire Hathaway would invest directly in cryptocurrency.
Despite this position, the actions of Berkshire Hathaway have largely underperformed Bitcoin in percentage.
Since 2015, and especially since 2020, the gap has expanded. Bitcoin has delivered earnings over 780% since 2020, against around 150% for Berkshire during the same period.
At the time of writing this document, Bitcoin was negotiated over $ 96,800, slightly decreasing in the last 24 hours, according to Coingecko.
While Buffett argues that Bitcoin lacks intrinsic value, Berkshire has nevertheless acquired indirect exposure to the space of digital assets through his portfolio companies.
In particular, Berkshire has an important participation in Bank of America, who has invested in the Bitcoin Etfs of several places, notably Ishares Bitcoin Trust (Ibit) of BlackRock, according to Filtel.
The conglomerate has also invested more than a billion dollars in Nu Holdings, a Brazilian digital bank that operates a cryptographic platform and offers various crypto services, thus deepening its exhibition to the sector.
In addition, Berkshire has actions from Jefferies Financial Group, a company that not only has participation in Ibit but also actively promotes Bitcoin as coverage against inflation.
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