U.Today – Warren Buffet's Berkshire Hathaway (NYSE:) investment fund was in the news recently for changes in its portfolio. According to a recent regulatory filing, the firm reduced its position in tech giant Apple (NASDAQ:) by nearly 50%, Capital One Finance by 21.27%, and Floor & Decor by 16.78%. These were the biggest decreases in Berkshire Hathaway's portfolio, while Sirius XM (NASDAQ:) and Chubb (NYSE:) Limited were the biggest additions at 262.24% and 4.28%, respectively.
The company added new companies to the list: Ulta Beauty (NASDAQ:) and HEICO (NYSE:) Corp. The total value of Warren Buffett's company's portfolio amounts to a staggering $279,969,065,000.
When the news broke, it naturally sparked discussion and debate. However, Nate Geraci, president of ETF Store, presented an interesting point of view. Geraci said that he would like to see the reaction of the crypto community if Warren Buffet were to buy ETFs. “A total collapse,” Geraci surmised.
Buffet and Bitcoin
It would be a surprise, as Warren Buffett has been very outspoken in his skepticism towards Bitcoin and cryptocurrencies in general. He has previously called them a “game currency” with no real value and compared them to the Dutch tulip bubble of the 17th century.
On the other hand, while Buffett's skepticism towards BTC has been all over the news, it is worth noting that Berkshire Hathaway has invested in Nu Holdings, a Brazilian fintech company that provides cryptocurrency services.
This article was originally published on U.Today
