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Even the leading crypto, bitcoin, has been through more than its share of choppy waters.
In 2018, the Berkshire Hathaway CEO told shareholders that bitcoin is probably rat poison squared,Fortunereported.
We dont own any, were not short any, well never have a position in them.
In the years since, cryptocurrency has experienced numerous ups and downs.
Bitcoins value has risen about 30% since Nov. 4, 2024, the day before the election.
As Fortune reported, even Buffett himself has dipped his toe into the crypto market, if only indirectly.
Berkshire later invested another $250 million.
As recently as 2022, the Oracle of Omaha continued to offer sharp criticisms of bitcoin,Benzingareported.
Buffett reportedly told Berkshire Hathaway investors three years ago.
Id have to sell it back to you one way or another.
It isnt going to do anything.
Cryptos main business value is as a currency.
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