"Berkshire Hathaway, Buffett's Successor Both Reject"...Bitcoin, Is It Risky to Enter Now?

▲ Bitcoin (BTC)

As Berkshire Hathaway, led by Warren Buffett, accumulates record levels of cash, the skeptical stance on Bitcoin by Greg Abel, who has been designated as the next CEO, is once again coming to the forefront.

BeInCrypto reported on May 3 (local time) that Berkshire Hathaway continues its record cash holdings while maintaining a negative view on Bitcoin (BTC). The company continues its strategy of drawing a line against cryptocurrency investments, even with substantial cash reserves.

Buffett has repeatedly criticized Bitcoin for lacking intrinsic value. This stance extends to Abel, who is considered his successor, and Abel also maintains the position of not viewing Bitcoin as an investment asset.

The fact that Berkshire Hathaway, despite holding vast amounts of cash, does not enter the cryptocurrency market is drawing attention among investors. While some believe digital assets could be new investment opportunities, the company focuses on maintaining investment principles centered on traditional assets.

Berkshire Hathaway continues its conservative, cash-centric investment strategy, maintaining its existing stance on Bitcoin.

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