Bitcoin ETF

Bitcoin

Apple

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Warren Buffet's Berkshire Hathaway investment fund recently made headlines with changes to its portfolio. According to a recent regulatory filing, the firm reduced its position in tech giant Apple by nearly 50%, Capital One Finance by 21.27% and Floor &amp; Decor by 16.78%. These were the largest declines in Berkshire Hathaway's portfolio, while Sirius XM and Chubb Limited were the largest additions at 262.24% and 4.28%, respectively.&nbsp;
The company added new companies in the forms of Ulta Beauty and HEICO Corp to the list. The total portfolio value of Warren Buffett's company stands at a staggering $279,969,065,000.&nbsp;
<blockquote>
 Would love to see this place if Buffett bought spot btc or eth ETFs…Complete meltdown. <a href="https://t.co/EHPQ9UNXeG" rel="noopener noreferrer nofollow">pic.twitter.com/EHPQ9UNXeG</a>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1823941626596589687?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 15, 2024</a>
</blockquote>
When the news broke, it naturally sparked discussion and debate. However, an interesting point of view was presented by&nbsp;<a href="https://x.com/NateGeraci/status/1823941626596589687" rel="noopener noreferrer nofollow">Nate Geraci</a>, who is the president of the ETF Store. &nbsp;Geraci said that he would like to see the crypto community's reaction if Warren Buffet bought&nbsp;<a href="https://u.today/edward-snowden-delivers-iconic-bitcoin-line-as-berkshire-hathaway-falls-9997" rel="noopener noreferrer nofollow">Bitcoin</a> or&nbsp;<a href="https://u.today/ethereums-vitalik-makes-major-eth-transfer-to-kraken" rel="noopener noreferrer nofollow">Ethereum ETFs</a>. "Complete meltdown," Geraci assumed.
<h2 dir="ltr" id="buffet-and-bitcoin">Buffet and Bitcoin</h2>
It would indeed be a surprise, as Warren Buffett has been quite vocal about his skepticism toward Bitcoin and crypto in general. He previously called it a "gambling token" with no real value and compared it to the Dutch tulip bubble of the 17th century.&nbsp;
On the other hand, while Buffett's skepticism toward&nbsp;<a href="https://u.today/warren-buffet-backed-nubank-finally-launches-bitcoin-operations-for-54-million-customers" rel="noopener noreferrer nofollow">BTC</a> has been all over the news, it is worth noting that Berkshire Hathaway has invested in Nu Holdings, a Brazilian fintech company that provides cryptocurrency services.

Bitcoin ETF on Warren Buffett's Radar? Nate Geraci Says Bring It On

Table of Contents

U_Today

Other articles published on Aug 15, 2024

Litecoin Bullish Exhaustion Signals a 7.75% Correction

MetaMask Card Launched: Ready to Spend Crypto Instantly?

Whales Increase Shiba Inu Sales and Short Positions

Solana Active Addresses Soar 151% in 7 Months: Explosive Growth or Speculative Surge?

Ripple Ordered to Pay $125M in Securities Law Violation Case, Possibly Ending SEC vs. Ripple Conf...

Hamster Kombat Rejects VC Proposals to Ensure Fair Play for Users: Report

Join our free newsletter for daily crypto updates!