From Cointelegraph

May 3, 2025 5:15 PM:

Warren Buffett plans to step down as Berkshire Hathaway CEO by 2025, with Greg Abel as his successor pending board approval. Buffett emphasized Abel’s readiness to lead, while maintaining an advisory role. Despite Berkshire’s $348 billion cash reserves, Buffett expressed concerns about the US national debt and the unstable macroeconomic environment.

Buffett’s legendary stock performance, though beating the S&P 500, falls short compared to Bitcoin and gold. Berkshire Hathaway’s stock, over $809,000 per share with a $1 trillion market cap, has significantly underperformed Bitcoin since 2015. Bitcoin has returned over 781% since 2020, outpacing Berkshire’s 150% gains over the same period.

Buffett has criticized Bitcoin as having no value, likening it to a scam. He and Charlie Munger have warned against investing in Bitcoin, claiming it does not qualify as a legitimate investment. Despite Buffett’s skepticism, Bitcoin’s popularity and performance continue to rise.

Read more at Cointelegraph: Warren Buffett to step down as Berkshire Hathaway CEO by year’s end