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As Warren Buffett gets involved in more tech companies, Will his interest circulate round to bitcoin?

As Warren Buffett gets involved in more tech companies, Will his interest circulate round to bitcoin?
  • Berkshire Hathaway and it’s long time leader, Warren Buffett invested in the technology cloud company, Snowflake.
  • For many years now, Warren has avoided new technology companies and has been a heavy investor in traditional assets such as financial institutions but things seem to be changing at Berkshire

Berkshire Hathaway and it’s long time leader, Warren Buffett invested in the technology cloud company, Snowflake. For many years now, Warren has avoided new technology companies and has been a heavy investor in traditional assets such as financial institutions but things seem to be changing at Berkshire.

The reason that Warren has been so invested in banking institutions compared to technology is due to his core values. Warren prefers to look into a business based on their cash flow and their advantage over the competition as he has previously said in the past:

“The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage. The products or services that have wide, sustainable moats around them are the ones that deliver rewards to investors.”

But as we enter the 2020s, technology is becoming more part of our day-to-day lives than ever before. There are many fast-growing technology companies out there that don’t have a good cash inflow or a predictable rate of growth over the long term.

But Warren has seemingly caught up with the times now and it’s starting to invest in companies such as Apple and Amazon with Berkshire Hathaway holding $117 billion worth of Apple stock and $1.7 billion of Amazon stock. As we all know, Apple and Amazon or household names and Warren has clearly taken advantage of this.

With all of this in mind, will the billionaire investor eventually turn to bitcoin?

In the past, he has referred to bitcoin as “rat poison”. He recently had a charity lunch with the CEO of Tron, Justin Sun who allegedly tried to persuade the investor on the benefits of blockchain and cryptocurrency. Maybe his mind will turn over this next year, especially with everything going on with coronavirus…


It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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