Is Warren Buffett positioning himself in Bitcoin? What is your investment style?

Source: Talking about Li and Talking about the Outside

Yesterday (March 16), a friend left me a message with a screenshot, which roughly said that Buffett's Berkshire plans to invest a portion of its $334.2 billion cash position into Bitcoin. As shown in the image below.

Then this friend asked me if the news was true, and if it was, he planned to buy some Bitcoin now. My reply was: do not participate in trading based on any uncertain news, and don’t directly ask me such questions; if you do, it means I do not recommend you to buy.

Why did I respond this way? Because if the other party misses the opportunity to buy, at most he will just call me a fool, but if I encourage him to buy and he loses money, then I would really be the fool, bringing trouble upon myself.

Then, out of curiosity, I looked further into it. The person who posted this news (the Twitter screenshot above) is Crypto Rover, a crypto KOL with 1.1 million followers on social media. I don’t know this big influencer and won’t comment on him. I just want to say that I did not find a media source for his news; it might be some insider information he received, or he might have said it casually to attract attention (traffic). We can just take such personal statements or news lightly.

1. The Oracle of Omaha and Bitcoin

If you want to pay attention to any news, it’s best to do some multi-angle investigation or understanding yourself. Next, we can briefly supplement some data about Buffett and his company, and you can combine more information to make your own judgment:

According to public data, Buffett's company Berkshire Hathaway achieved a net profit of $88.995 billion for the entire year of 2024, with 71% of its equity investments concentrated in American Express, Apple, Bank of America, Chevron, and Coca-Cola.

As of early 2025, Buffett's company has accumulated about $334.2 billion in cash reserves, reaching a new historical high. As shown in the image below.

Therefore, the $334.2 billion figure mentioned in Crypto Rover's tweet is correct. Here we can make a hypothesis (speculation): if in the future, Berkshire really considers using a portion of its $334.2 billion cash reserves to invest in Bitcoin, it would definitely be a positive development for the crypto market (but it’s not very friendly for ordinary people, as the entry of more traditional institutions means it will become increasingly difficult for ordinary people to make money), possibly promoting broader acceptance and adoption of cryptocurrencies in the traditional financial sector.

However, based on Buffett's past public statements, he seems not to be interested in Bitcoin. For example:

In 2018, Buffett bluntly stated at the shareholder meeting: Bitcoin is a bubble with no practical use.

In 2022, Buffett also said at the shareholder meeting: Even if you hold all the Bitcoin in the world and sell it to me for $25, I wouldn’t want it because it serves no purpose.

Meanwhile, Berkshire has been indirectly enjoying the "benefits" brought by cryptocurrencies in recent years, such as:

In 2020, Berkshire invested about $735 million in Snowflake, a company providing cloud data storage and analysis solutions. Although its main business does not directly involve cryptocurrency trading, they also provide some basic services for many companies in the crypto industry.

In 2021, Berkshire made two investments in the Brazilian digital bank Nu Holdings (the first investment was $500 million in June 2021, and the second was an additional $250 million in December 2021). As of March 15, 2025, Nu Holdings had a market value of about $65.85 billion, and Berkshire held approximately 86.439 million shares of Nu Holdings, currently valued at about $1.014 billion. Nu Holdings is the largest digital bank in Latin America and also provides cryptocurrency trading services, allowing users to buy and hold Bitcoin, Ethereum, and other crypto assets (Nu Holdings has also launched a cryptocurrency platform called Nubank Cripto).

In summary, on one hand, Buffett himself says he is not interested in Bitcoin, while on the other hand, the company he leads is investing in some companies with crypto business. Doesn’t that feel quite contradictory?

Actually, I think there’s nothing to be conflicted about. No one (or company) will go against making money. Although Buffett is famous for "conservative" investing, it does not exclude the possibility that there are some more aggressive investment managers within Berkshire who might invest a few billion in crypto-related companies.

Therefore, when we see news like "The Oracle of Omaha is laying out Bitcoin," we don’t need to be too surprised; we can just treat it as entertainment news. A few billion in indirect investments won’t change the crypto market's trend, unless Berkshire directly invests in companies like MicroStrategy or personally buys Bitcoin, but at this stage, that possibility seems low.

2. What is Your Investment Style?

In previous articles on Talking about Li and Talking about the Outside, we have outlined many strategies and methodologies regarding investment. Different people, based on different capital sizes and risk preferences, may have different investment styles.

If we broadly categorize them, we can roughly divide investment styles into four types:

• Technical Investment

• Value Investment

• Macro Investment

• Blind Investment

Technical investment is more suitable for short-term trading, mainly based on various indicators for trading. For example, they look at trends, volume-price relationships, and various candlestick patterns to gain returns in trading. Value investment focuses more on long-term investment, paying more attention to the long-term fundamentals and development vision of the "target," pursuing long-term profits. Macro investment is similar to the methods used by big players like Soros, emphasizing sensitivity to global economic and political events, seeking investment opportunities by analyzing the potential impacts of these events on currency, stock, and commodity markets. As for blind investment, it mainly refers to those who follow the crowd, blindly chasing hot trends, or trading without their own strategies and never doing their own research.

Of course, investment is a complex matter, and in practice, some people may combine aspects of technical, value, and macro perspectives for comprehensive consideration. But from my own experience, I believe a good investment strategy must be simple, able to simplify complex matters, and allow oneself to execute efficiently and repeatedly. In more fashionable terms, it means forming a trading system that belongs to oneself.

Then, based on forming one’s trading system, what we need to do is continuously execute and optimize the strategy.

Additionally, a very important aspect is: to continuously strengthen one’s psychological resilience. We have already outlined quite a bit about psychological resilience in last year's e-book "Blockchain Methodology," and here we will continue to list a few points, such as:

• Don’t be afraid of selling too early. Compared to selling too early, being stuck with a profit drop is the most painful. Selling too early only means missing out on some potential gains, but being stuck could mean losing everything (many altcoins or "shitcoins" end up at zero).

• If you are worried about selling too early, the best way is to implement a staggered selling profit-taking strategy. Withdrawing the principal and leaving the remaining part for further investment is a completely different mindset from going all-in with the principal.

• Don’t compare yourself to others; compare yourself to yourself. Just because someone says to sell Bitcoin when it reaches $150,000 doesn’t mean you have to do the same. For example, do you know what their holdings and costs are? Do you know their investment style?

• Those who can truly make big money do not casually take others along to make money. Some (to avoid being criticized, I won’t say all) who claim they can help you get rich are often more interested in collecting (or even scamming) your tuition fees and then using it as their capital. For instance, those who claim to be whales making hundreds of millions of dollars a year, do they really spend their days live-streaming just to share knowledge? Isn’t their ultimate goal to collect your few thousand dollars in group fees or tuition? In fact, many so-called KOLs in various fields are outsiders; they are active for more traffic because traffic is their income or capital (of course, there’s no derogatory intent here, just that everyone has different ways of making money). Or you can calmly think about it; for example, if a project could easily earn A6 by "farming," why would they painstakingly sell you a guide for A6 for a few dozen dollars?

• Rationally optimize your goals. If you can be happy with a 4% return from bank wealth management, why aren’t you satisfied with a 1x return in the crypto field? Why pursue 10x, 100x… Is the money in this field blowing in the wind and specially prepared for your wealth? If you are a financial consumer in the stock market, then in the crypto market, you might become a new liquidity provider.

• Selling during an upward trend is a difficult choice, but it is often a wise one. Never try to sell at the peak (or buy at the lowest point).

That’s all for today. The images/data referenced in the text have been added to the Talking about Li and Talking about the Outside Notion. The above content is just personal perspectives and analyses, intended for learning records and communication purposes, and does not constitute any investment advice.