Warren Buffett Steps Down as Berkshire Hathaway Chairman, Revisits Criticism of Bitcoin
Warren Buffett is stepping down from his role as chairman at Berkshire Hathaway and will transition to a new position as chairman emeritus. His son Howard has been named the new chairman. This marks another milestone in the legacy of one of history's most influential investors, who led Berkshire for nearly six decades. Buffett remains known for his skepticism toward cryptocurrencies like Bitcoin. In 2018 he famously called Bitcoin 'probably rat poison squared,' a comment that still resonates today despite significant gains in BTC’s price over the past eight years. While Buffett has never invested directly in crypto, Berkshire Hathaway once held shares of Nubank—a digital bank with ties to cryptocurrency—before selling them entirely. Bitcoin is now trading at $80,246, a stark contrast from its sub-$10,000 price point when Buffett made his original remark. His continued criticism highlights the ongoing debate around crypto's long-term viability and regulatory acceptance.
