Warren Buffett’s Berkshire Hathaway has long been skeptical of Bitcoin, but what if the conglomerate changed its stance? With over $168 billion in cash reserves, Berkshire could significantly influence the crypto market by acquiring even a small percentage of Bitcoin’s supply.
How Much Bitcoin Could Berkshire Buy?
At current prices, Berkshire could purchase over 3% of all Bitcoin in circulation—a move that would send shockwaves through the market. Given Buffett’s aversion to crypto, such an investment seems unlikely, but analysts at MyWeb3News suggest that Berkshire’s next-gen leadership might reconsider.
Why Buffett Avoids Bitcoin (For Now)
Buffett famously called Bitcoin “rat poison squared,” favoring traditional assets like stocks and gold. Yet, as institutional adoption grows, even skeptics like MicroStrategy and Tesla have added BTC to their balance sheets. Could Berkshire follow?
Market Impact of a Berkshire Bitcoin Bet
A Berkshire Bitcoin purchase would likely trigger a massive price surge, similar to past corporate buys. According to MyWeb3News, such a move could push BTC to new all-time highs, validating crypto as a mainstream asset.
Conclusion
While unlikely in the near term, a shift in Berkshire’s strategy could redefine Bitcoin’s role in institutional portfolios. For now, investors watch for signs of change.
For more crypto insights, visit MyWeb3News.
