Billionaire Warren Buffett Pours $7,800,000,000 Into ‘High-Flying’ Asset After Dumping Bank of America, JPMorgan Chase and Wells Fargo: Report

November 2, 2024 The Daily Hodl

bank

Billionaire Warren Buffett is buying a “high flying” asset after significantly reducing his exposure to the US banking industry, according to a new report. The renowned investor has sold $10.5 billion of Berkshire Hathaway’s stake in Bank of America since the summer, after selling all of the firm’s JPMorgan Chase and Wells Fargo positions in […]

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Stablecoin Market Grew by 5 Million in October – Which Tokens Are Leading the Pack?

Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?

Billionaire Warren Buffett Dumps $10,500,000,000 in Berkshire’s Bank of America Stake After Slashing JPMorgan Chase, Wells Fargo Investments To Zero: Report

October 24, 2024 The Daily Hodl

Bank of America

Warren Buffett has now sold a staggering $10.5 billion of Berkshire Hathaway’s stake in Bank of America in a matter of months. New filings with the U.S. Securities and Exchange Commission shows the firm just sold an additional 8.54 million shares in September and October, worth $337.86 million. The move follows Berkshire’s complete exit from […]

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Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?

Suze Orman Recommends BTC: ‘Everybody Should Absolutely Have Exposure to Bitcoin’

September 28, 2024 Bitcoin.com

Bitcoin

Suze Orman, a well-known financial advisor, advocates for bitcoin exposure, despite contrasting views from other prominent investors like Dave Ramsey and Warren Buffett. She underscores the potential gains for those who can manage its volatility. “Everybody should absolutely have exposure to bitcoin,” she said. Suze Orman Encourages Bitcoin Investment With Caution Financial advisor Suze Orman […]

Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?

4 years in, MicroStrategy’s Bitcoin gamble beats Warren Buffett’s warning

August 11, 2024 Coin Telegraph

American Express

MicroStrategy’s stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat.

MicroStrategy purchased its first Bitcoin (BTC) stash on Aug. 10, 2020, becoming the first public-traded company to adopt the cryptocurrency as its primary treasury reserve asset. Four years later, the bold move has evolved into a defining strategy for the company that has outpaced even the returns of Warren Buffett's Berkshire Hathaway.

As of Aug. 10, 2024, MicroStrategy had 226,500 BTC worth $13.771 billion in reserves, which it acquired at an average cost of around $37,000. With Bitcoin currently trading at approximately $60,500, MicroStrategy is now sitting on unrealized profits of about $5.39 billion.

Despite the substantial gains, Michael Saylor's company has maintained its Bitcoin holdings, choosing not to liquidate any of its accumulated assets. It has expressed its intention to continue accumulating Bitcoin, further evidenced by its most recent purchase on Aug. 1.

Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?

$277,000,000,000 in Cash Hoarded by Berkshire Hathaway As Warren Buffett Dumps Apple, Bank of America

August 3, 2024 The Daily Hodl

Apple

Berkshire Hathaway is now holding onto a record $277 billion in cash as the economy teeters. Second quarter results show the investing giant led by Warren Buffett sold $75.5 billion worth of stock on a net basis in the period. The new round of selling brought the total amount of stocks sold by Berkshire in […]

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Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?

Bitcoin vs. Buffett: BTC holders’ 104% CAGR dwarfs ‘steady growth’ portfolio

June 10, 2024 Coin Telegraph

Berkshire Hathaway

Since its trading debut in 2011, Bitcoin has delivered an impressive average annual return of approximately 104%, surpassing the returns of Warren Buffett’s portfolio and U.S. stock markets.

Comparing Bitcoin’s (BTC) compound annual growth rate (CAGR) with the returns achieved by Warren Buffett’s portfolio — with its top holdings being Apple, Bank of America, American Express, Coca-Cola and Chevron Corp — shows starkly different risk-reward profiles and performance over varying timeframes.

For instance, according to the data resource Lazy Portfolio ETF, Warren Buffett’s portfolio has obtained a 10.03% CAGR with a 13.67% standard deviation in the last 30 years. In comparison, United States company stock portfolios have more or less offered similar returns but with a higher standard deviation.

In other words, the Oracle of Omaha’s portfolio has returned impressive results despite being less volatile or risky than U.S. stock portfolios. His investment philosophy emphasizes long-term value investing, prudent risk management and a preference for fundamentally strong companies.

Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?

Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding $188 Billion in Cash

May 6, 2024 Bitcoin.com

Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding 8 Billion in Cash

alternative currencies

Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long time.” Berkshire currently sits on a cash pile of $188 billion, which Buffett views as “quite attractive.” Insights From […]

Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?

Warren Buffett compares AI to nukes after seeing deepfake doppelganger

May 5, 2024 Coin Telegraph

Berkshire Hathaway

The financial mogul’s commentary came during Berkshire Hathaway’s annual meeting.

Berkshire Hathaway co-founder Warren Buffett recently sounded off on artificial intelligence (AI) deepfakes and the perpetuation of scammers at the company’s annual shareholder meeting.

Buffett, the ninth richest person in the world (as of April 2024), has seen his own net worth grow by some $16 billion through the first five months of 2024 alone. During the shareholders meeting held in Omaha, Nebraska he lauded the company’s growth and perseverance despite the November 2023 death of vice chairman Charlie Munger.

However, the commentary quickly turned to AI as the meeting wore on. Speaking during a Q&A session, Buffett said “I don’t know anything about AI but that doesn’t mean I deny its existence or importance or anything of the sort."

Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?

Dave Ramsey Sides With Warren Buffett on Bitcoin — Calls BTC Currency Based on Thin Air

March 18, 2024 Bitcoin.com

bitcoin advice

Personal finance expert and best-selling author Dave Ramsey says he agrees with Berkshire Hathaway CEO Warren Buffett regarding bitcoin. Viewing the crypto as a currency whose value is based on “thin air,” Ramsey stressed: “I wouldn’t wish bitcoin investments on somebody I really dislike.” Dave Ramsey on Bitcoin: ‘It’s Still Thin Air’ Personal finance guru […]

Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?

Skybridge Capital’s Anthony Scaramucci on Warren Buffett Buying Bitcoin: ‘Never Say Never’

February 27, 2024 Bitcoin.com

Anthony Scaramucci

Anthony Scaramucci, the founder and managing partner of Skybridge Capital, has commented on the potential for Berkshire Hathaway, the holding conglomerate founded by Warren Buffett, to buy bitcoin. While acknowledging Buffett’s negative stance on crypto, Scaramucci believes it’s still a possibility. ‘Never say never,’ stated Scaramucci. Skybridge Capital’s Anthony Scaramucci on Berkshire Hathaway Putting Money […]

Warren Buffett

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