U.Today – Warren Buffett’s Berkshire Hathaway (NYSE:) investment trust recently made headlines for its portfolio changes. According to a recent regulatory filing, the firm reduced its positions in tech giant Apple (NASDAQ:) by nearly 50%, Capital One Finance by 21.27% and Floor & Decor by 16.78%. These were the biggest declines in Berkshire Hathaway’s portfolio, while Sirius XM (NASDAQ:) and Chubb (NYSE:) Limited saw the biggest gains, up 262.24% and 4.28%, respectively.
The company added recent names to the list in the form of Ulta Beauty (NASDAQ:) and HEICO (NYSE:) Corp. The total value of Warren Buffett’s portfolio at the company is a staggering $279,969,065,000.
When the news broke, it naturally sparked discussion and debate. However, Nate Geraci, CEO of ETF Store, offered an captivating perspective. Geraci said he would like to see the crypto community react if Warren Buffet bought ETFs. “A complete collapse,” Geraci assumed.
Buffet and Bitcoin
This would be surprising, indeed, since Warren Buffett has been quite open about his skepticism about Bitcoin and cryptocurrencies 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.
On the other hand, while Buffett’s skepticism towards BTC has been widely reported in the media, it is worth noting that Berkshire Hathaway has invested in Nu Holdings, a Brazilian fintech company that provides cryptocurrency services.
