There is a video on the internet in which Warren Buffett in 2022 says that if all the Bitcoin, cryptocurrencies in the world were offered to him for 25 USD, he would not take it.
In the same time, Warren Buffett has invested now 1 billion USD + in Nu Holdings, a Bitcoin, cryptocurrencies active neo bank in Brazil.
It is not the first time Warren Buffett has reneged on his words. Earlier, he said he would never invest in airlines stocks and yet he did invest in airlines stocks several years ago again. Warren Buffett has said financial derivatives are weapons of mass destruction and yet Berkshire Hathaway, the investment conglomerate controlled by Buffett has several billion of USD invested in derivatives via its insurance subsidiaries.
Bitcoin, cryptocurrencies are the financial technology, fintech of the future, according to Wolfteam Ltd.'s house view.
And Warren Buffett seems to have realized that. Regarding Bitcoin and cryptocurrencies there is a statement by Lloyd Blankfein, the former Chief Executive Officer of Goldman Sachs, where he reminds people were skeptical of mobile telephones at first, stating that 'no one would want to carry them around'.
Many new technologies have been greeted with a great deal of skepticism at first. But later, as the technology has developed and grown, the new technologies became mainstream. A case in point is when Steve Jobs introduced the iPhone one user complained he kept making typos on the screen. Stephen Jobs said 'Your fingers will adjust'. And the rest is history.
Warren Buffett has been long enough to witness the introduction and blossoming of many new technologies. Warren Buffett used a flip phone long after the introduction of smartphones and yet now he is an avid user of Apple's iPad.
Warren Buffett knows the ebbs and flows, the booms and bust of technology. Warren Buffett stayed out of the dot com boom and bust and thus built out his reputation of savvy investor, but now he has more than 1 billion USD in Amazon, Nu Holdings and Snowflake, the cloud management company each. In addition, Warren Buffett holds more than 150 billion USD of Apple stock, more than 5 % of the entire market capitalization of Apple.
No wonder Warren Buffett is taking an indirect position in Bitcoin, cryptocurrencies via its 1 billion USD Nu Bank Holdings stake. And the more than 140 billion USD in cash reserves at Berkshire Hathaway ensure Warren Buffett has more than ample move to maneuver and invest again in Bitcoin, cryptocurrencies.
With the years, Warren Buffett's investment style has evolved from pure value investing in 'dirt cheap' stocks like Burlington Santa Fe, industrial companies into GARP or Growth At a Reasonable Price Investing with his large stake in Coca Cola, stakes in Heinz, Gilette, Wrigley's, Moody's, American Express, JPMorgan Chase, Wells Fargo, Bank of America etc.
What is more, now Warren Buffett's controlled Berkshire Hathaway invests large part of its cash reserves into High Growth At Reasonable Price using for vehicles technology companies like Apple, Amazon, Snowflake, the Bitcoin, cryptocurrencies Nu Holdings neo Bank. Which shows that Warren Buffett is evolving with the times.
And the times now go definitely in favor of Bitcoin, cryptocurrencies, according to Wolfteam Ltd.
And Warren Buffett could soon follow.
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