Buffett’s $334B Stash: Still Hatin’ Bitcoin?!

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Warren Buffett, that old fox 🦊 who runs Berkshire Hathaway, done gone and got himself another pile of cash. A record-breakin’ $334 billion, they say. Enough to buy up half of California, if he was so inclined. But he ain’t. He’s just sittin’ on it, like a hen on a golden egg. Must be nice, huh?

Now, folks are scratchin’ their heads. Why’s he holdin’ onto all that dough? And why’s he still turnin’ his nose up at Bitcoin, that fancy digital gold that all the kids are talkin’ about? 🤔

The Only Billionaire Who Didn’t Lose His Shirt in ’25

That $334 billion weren’t just found under a rock. Seems Buffett was sellin’ off stocks like a farmer sellin’ off his harvest. $134 billion worth, they say. Made a pretty penny, he did.

Back in ’24, he had a whole mess of Apple shares, worth $174 billion. But he started choppin’ ’em down like a lumberjack in a redwood forest. And Bank of America? He trimmed that down too. Smart move, I reckon.

All that sellin’ saved his bacon when the market went belly up in ’25. He sidestepped a whole lotta trouble, that Buffett. Lucky son-of-a-gun. 🙄

“Warren Buffett sold the top. Legendary,” some fella named Luke Belmar said. Sounds about right.

April ’25, the whole world went to pot. Stocks tanked worse than a leaky boat. But Buffett? He was sittin’ pretty. The only billionaire in the top ten who didn’t lose his shirt. Probably sippin’ lemonade and laughin’. 🍹

Bitcoin? Bah, Humbug!

While everyone’s gone crazy over them cryptocurrencies, especially Bitcoin, Buffett’s just shakin’ his head.

Said it was “rat poison squared” back in ’18. And in ’22, he wouldn’t pay $25 for all the Bitcoin in the world. Can you believe it? 🤣

“Now if you told me you own all of the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything,” Buffett said, all high and mighty.

But then you got Jefferies Financial Group, who Berkshire’s invested in. They think Bitcoin’s a good idea. A hedge against inflation, they say. So, who’s right? Buffett, or the folks he’s bankin’ with? 🤔

Why the Hate, Warren?

Folks keep askin’ why Buffett hates Bitcoin so much. Some fella named Matthew Sigel pointed to some report that might have the answers.

Seems Berkshire might be worried about Bitcoin’s value, and what it might do to their own business. 🤫

Back in ’21, Berkshire Hathaway Energy spent a bunch of money in Texas, tryin’ to get some gas plants built.

But some other fella, Brad Jones, thought Bitcoin mining and weatherizin’ the grid were better ideas. But the governor, Dan Patrick, didn’t like Bitcoin.

The report hinted that maybe Berkshire’s lobbyists had somethin’ to do with the governor’s dislike of Bitcoin. If Bitcoin mining got shut down, Berkshire could make a whole lot of money on those gas plants. Shady, if you ask me. 🤨

Anyways, Buffett’s got that $334 billion, and everyone’s watchin’ what he’s gonna do with it. He’s still hatin’ on Bitcoin, but who knows? Maybe one day he’ll change his mind. Stranger things have happened. 🤷‍♂️

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2025-04-10 12:46