Berkshire’s Next CEO Snubs Bitcoin—Legacy Finance Doubles Down on Analog
Warren Buffett’s successor keeps crypto off the table as Berkshire Hathaway clings to traditional assets. The Oracle of Omaha’s anti-Bitcoin stance becomes institutional policy.
Meanwhile, decentralized networks process $12B in daily settlements. But hey, at least they’ll always have railroad stocks and Geico premiums.
Strategy Adds Nearly $200M in Bitcoin as Institutional Confidence Holds Strong
His leadership officially begins as Buffett steps back, following a historic final appearance before tens of thousands of shareholders. Yet, even with control over a financial juggernaut, Abel’s role remains limited—he still hasn’t touched Berkshire’s $264 billion equities portfolio, which remains closely tied to Buffett’s legacy.
Investors and analysts are watching closely. Some doubt whether Abel can inspire the same long-term confidence as his predecessor, given his background in operations rather than capital allocation. Yet in a market bloated by overvalued assets and failed post-pandemic acquisitions, sitting still might prove to be Berkshire’s smartest move.
Abel’s real challenge isn’t Bitcoin, or even public scrutiny—it’s maintaining trust in a company built on one man’s instinct, without trying to imitate it.
