Greg Abel, Warren Buffett’s successor at Berkshire Hathaway, is unlikely to revise the investment guru’s view of Bitcoin as “rat poison squared,” according to CoinDesk.
Experts consulted by the publication believe Abel will adhere to the principles of the outgoing CEO, Buffett, who is stepping down at the end of the year. The top executive is unlikely to make radical changes, including revising Berkshire’s critical stance on Bitcoin.
At a meeting with shareholders, Buffett expressed willingness to diversify into other currencies if the U.S. economy weakens further.
The billionaire is known for his criticism of the crypto industry. In February 2020, he called Bitcoin “a complete zero,” lacking value, and in May 2022, he stated he would decline a hypothetical opportunity to buy all BTC for $25.
In April 2023, Buffett compared digital gold to a “game token.”
Later, the billionaire ruled out the chances of Bitcoin becoming a global reserve currency.