The “Sage of Omaha”, Warren Buffett, is quietly coming around to crypto. A recent Berkshire Hathaway filling reveals it dumped shares in legacy financials Visa and Mastercard and sank $1 billion into a crypto-friendly neobank.
For the world’s biggest cryptocurrency critic, that’s a big change of heart. In 2020, he said: “cryptocurrencies basically have no value and they don’t produce anything,” adding “I don’t have any cryptocurrency and I never will.”
Buffett’s U-turn hints at a critical point in institutional crypto adoption that could put a rocket under BTC and crypto demand (and prices) in the coming years.
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