Dear Mr. Warren Buffett, You don’t like Bitcoin. We know. You’ve called it “rat poison squared” and said it’s worthless. In 2018, you told the world you wouldn’t buy all the Bitcoin on Earth for $25 because, in your words, “It isn’t going to do anything.” Strong words from the Oracle of Omaha. Yet here we are, watching Berkshire Hathaway quietly cash in on the crypto boom through its investment in Nu Holdings. The irony was simply impossible for us to ignore. Your company is profiting off a fintech giant that has a crypto trading platform at its core. If there was ever a time to rethink your stance, this is it. Oh, haven’t you heard? Bitcoin is priced at over $100,000 now, and [Donald Trump] the person taking over the White House next month calls himself ‘the crypto president,’ though to be fair, we know you don’t like him either. And that’s fine. We’re only campaigning for Bitcoin here. Warren’s crypto payday Berkshire Hathaway’s $750 million bet on Nu Holdings has been a goldmine. The Brazilian fintech giant, founded in 2013, launched its Nucripto platform in 2022, giving users access to more than 15 cryptos. Bitcoin is, of course, the star of that lineup. In 2023, Nu Holdings’ stock surged by 100%. In 2024, it has so far been up by 188%. Meanwhile, Bitcoin itself has soared 130% in 2024, outperforming almost every single major traditional asset class out there. This brings us to the heart of the matter: Berkshire (and therefore you Warren) has indirectly joined the Bitcoin party. You’re here already. The apex crypto’s market cap has hit $2.04 trillion — exactly double Berkshire’s valuation, which is $1.02 trillion. Now isn’t that an amusing coincidence? It’s time to give in, Warren But it’s not just about returns. Bitcoin’s decentralized nature and limited supply make it a hedge against inflation and economic uncertainty. You’ve seen what Larry Fink has managed to make out of it this year. The argument that Bitcoin has no intrinsic value doesn’t hold up when you see how it’s used globally as a store of wealth, a medium of exchange, and a counterbalance to failing fiat systems. Warren, your brand is built on adaptability. You famously avoided tech stocks until you didn’t, eventually making Apple the crown jewel of your portfolio . Bitcoin is another one of those moments. Sure, it doesn’t fit into the traditional value-investing mold you love so much. But neither did Apple and look where that’s gotten you. You’re a 93-year-old legend, sitting sixth on Forbes’ Real-Time Billionaires List. Your name is synonymous with long-term thinking, so your Bitcoin stance feels a lot like a stubborn holdout. The world is changing. Younger investors (the ones Berkshire needs to attract for sustained growth) care about Bitcoin. They see it as the future of finance, a digital gold for a decentralized era. Ignoring that doesn’t align with the forward-thinking strategy that got you here. How long until your shareholders, like us, start to wonder what the holdup is for? And don’t forget, Wall Street already loves Bitcoin. Warren, you’ve given us decades of timeless wisdom, and the way we see it, Bitcoin fits into the image of something you would support, Warren. You already do. So perhaps it’s time to step out of the shadows and publicly embrace the future like you have so many times in the past. Bitcoin is the final piece your legacy needs, and there has never been a better chance than right now.
