Buffett Steps Aside, But His Crypto Skepticism Leaves a Lingering Shadow
The investment world is abuzz with the news that legendary investor Warren Buffett will be stepping down as CEO of Berkshire Hathaway at the end of the year after 60 years at the helm, transitioning the role to his long-time lieutenant, Greg Abel.
For the cryptocurrency market, Buffett’s impending departure carries a particular weight, primarily due to his famously staunch and often colorful criticism of digital assets, especially Bitcoin. Over the years, Buffett has consistently voiced his skepticism, famously labeling Bitcoin “rat poison squared” and a “gambling token” with “no unique value.”
His bearish stance, reiterated as recently as last year even amidst Bitcoin’s price surges, has often been cited by traditional finance…
