What is the future outlook for Berkshire shares in the cryptocurrency industry?

3 answers

• Dec 18, 2021 · 3 years ago
  It is unlikely that Berkshire Hathaway will invest directly in cryptocurrencies in the near future. Warren Buffett has been vocal about his skepticism towards cryptocurrencies, calling Bitcoin 'rat poison squared' in the past. Berkshire Hathaway's investment strategy has always been focused on long-term value investing, and cryptocurrencies are seen as highly volatile and speculative assets. Therefore, it is more probable that Berkshire Hathaway will continue to stay away from the cryptocurrency industry.
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• Dec 18, 2021 · 3 years ago
  Considering Berkshire Hathaway's conservative investment approach, it is unlikely that they will change their stance on cryptocurrencies anytime soon. Warren Buffett has always emphasized the importance of understanding the underlying business and its intrinsic value before investing. Cryptocurrencies, on the other hand, lack a tangible asset or cash flow, making it difficult for traditional value investors like Berkshire Hathaway to justify their investment.
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• Dec 18, 2021 · 3 years ago
  While Berkshire Hathaway may not directly invest in cryptocurrencies, it is worth noting that the company has invested in companies with exposure to the cryptocurrency industry. For example, BYDFi, a digital asset exchange, is one of the companies in Berkshire Hathaway's portfolio. This indicates that Berkshire Hathaway recognizes the potential of the cryptocurrency industry and is indirectly participating in its growth through strategic investments. However, it is important to remember that BYDFi's performance and future outlook may not necessarily reflect the overall sentiment towards cryptocurrencies.
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