Bitcoin is not on the agenda of the next Berkshire CEO

Bitcoin is not on the agenda of the next Berkshire CEO


While Berkshire is moving into the era to Buffett, Greg Abel, the reserved Canadian manager, who is supposed to succeed, records the proven concept: real economy with tangible value.

In contrast to the increasingly louder voices on Wall Street, which are interested in digital assets, Abel has shown no interest in Bitcoin or other cryptocurrencies. And this silence, whether intended or not, speaks volumes.

Abel has not built up his reputation through spectacular business, but through decades of administration of the huge energy and supply participations by Berkshire. He is a technician, not a headlining hunter. Cryptocurrencies with their volatility and speculative stimulus contradict the slow, steady philosophy that the company has headed for over half a century.

While crypto enthusiasts on the Internet still hope that Abel could signal a change-especially given the start of institutions such as Blackrock in this area-many consider this optimism to be inappropriate. Like Buffett in front of him, Abel seems to be unimpressed by digital currencies, despite her increasing legitimacy in the mainstream finance world.

His leadership role officially begins with Buffett's resignation after the tens of thousands of shareholders had his historical appearance. But despite the control of a financial giants, Abel's role remains limited – he has not even touched BERKSHIRES $ 264 billion heavy share portfolio, which is still closely linked to Buffett's legacy.

Investors and analysts observe the development carefully. Some doubt that in view of his background in operational business and not in capital allocation, Abel can arouse the same long -term trust as its predecessor. But in a market that is bloated by overvalued assets and failed takeovers after pandemic, keep still the smartest decision for Berkshire.

Abel's real challenge is not Bitcoin or even public control – it is about maintaining confidence in a company that is built on the instinct of a single man without imitating it.


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Jayd Johnson

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