According to Cointelegraph, Warren Buffett's Berkshire Hathaway has a market value of more than $1 trillion, almost as much as the Bitcoin market. Berkshire Hathaway stock BRK.A rose 0.75% in 2024, with a year-to-date gain of more than 29%, exceeding the S&P 500's 17% gain, but slightly lower than Bitcoin's 31% gain.
Despite Buffett’s opposition to cryptocurrencies, his investment strategy performed almost as well as Bitcoin in 2024. Berkshire Hathaway generated $22.8 billion in profits in the first half of 2024 through its diversified portfolio of businesses, a year-over-year increase of 26%.
Berkshire Hathaway's major investments include BNSF Railway, Geico Auto Insurance, Berkshire Hathaway Energy, Dairy Queen Ice Cream, etc. In addition, the company also holds a large amount of cash and cash equivalents, mainly U.S. Treasury bonds.
Despite Bitcoin's increasing relevance as a financial asset, Buffett has no intention of switching his cash holdings to Bitcoin. According to Nakamoto Portfolio simulation results, even adding 1% of Bitcoin to Berkshire Hathaway's investment portfolio can significantly increase returns.
