Legendary investor Warren Buffett has built Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) into one of the most valuable companies in the world through a series of acquisitions and investments over the years, making the man known as the “Oracle of Omaha” one of the most followed stock pickers.
Buffett’s investments have paid off, with Berkshire Hathaway recently joining the $1 trillion market capitalization club. Investors who bought Berkshire Hathaway shares or followed Buffett’s stock picks have done quite well over the years.
One area where following Buffett wouldn’t have paid off for investors is cryptocurrency.
What Happened: Leading cryptocurrency Bitcoin (CRYPTO: BTC) hit new all-time highs of $73,750.07 in March.
While Bitcoin is down from all-time highs, the leading cryptocurrency is up 42.8% year-to-date in 2024 and up over 130% in the last year, moves celebrated by the crypto community.
One person likely not celebrating the move is Buffett, who is among the leading vocal critics of the cryptocurrency sector.
Buffett’s bearish take on Bitcoin led him to previously be labeled as Bitcoin’s enemy number one by entrepreneur Peter Thiel.
In January 2018, Buffett warned investors about investing in cryptocurrency.
“In terms of cryptocurrencies, generally, I can say with almost certainty that they …
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