Warren Buffet may consider Bitcoin ETF despite past skepticism, sparking speculation in the crypto community.

From The media company name for www.investing.com is Investing.com.

August 15, 2024 1:30:25 pm:

Warren Buffet’s Berkshire Hathaway reduced its position in Apple, Capital One Finance, and Floor & Decor while adding to Sirius XM and Chubb Limited. New additions include Ulta Beauty and HEICO Corp, bringing the total portfolio value to $279,969,065,000. EFT Store president Nate Geraci speculated about a crypto community meltdown if Buffet bought BTC or ETFs.

Buffet’s skepticism toward Bitcoin is well-known, with him previously calling it a “gambling token” with no real value. Despite this, Berkshire Hathaway invested in Nu Holdings, a Brazilian fintech company that offers cryptocurrency services. The idea of Buffet potentially investing in BTC or crypto ETFs remains a hot topic for speculation.

Read more at Investing.com: Bitcoin ETF on Warren Buffett’s Radar? Nate Geraci Says Bring It On By U.Today