Warren Buffett Steps Down After 60 Years – And His Bitcoin Views Are Unforgettable

From "rat poison squared" to "stay away from it" - some of his remarks have been quite brutal. Yet, BTC's market cap is bigger than Berkshire's. Arguably the most well-known investor of our (and the previous) generation, Warren Buffett, has formally stepped down as chairman of Berkshire Hathaway after more than 60 years at the company. He has now become Chairman Emeritus and remains on the board. His son, Howard G. Buffett, will succeed him as chairman, while Greg Abel continues to run the company as CEO. In the farewell letter to shareholders, the 96-year-old said the timing was right to “complete the transition,” praised Abel for fully taking control of the Berkshire empire’s day-to-day decisions, and described his son as the guardian of the company’s culture and values. For us crypto folks, his retirement also closes the active career of one of Bitcoin’s most famous and persistent skeptics. The “Oracle of Omaha” has repeatedly dismissed the asset as speculative, non-productive, lacking intrinsic value, and unsuitable as an investment through the years. Here are some of the most famous. Rat Poison Squared Perhaps none is more Buffett-like than the 2018 comment when he described B...