Contents
- Conservatives called for Buffett to be removed, here’s why
- From “rat poison” to “gambling token”
Bitcoin critic Warren Buffett may surprisingly lose his chairman position at Berkshire Hathaway
Vladislav Sopov
Warren Buffett, a staunch crypto-skeptic and author of the “rat poison” meme, is under fire for his ties to Bill Gates
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The influential conservative advocacy group highlights that ties with the Bill and Melinda Gates Foundation could pose a threat to all investors in the Berkshire Hathaway conglomerate. The notorious late financier Jeffrey Epstein is also mentioned in the statement.
Conservatives called for Buffett to be removed, here’s why
As reported by Bloomberg yesterday, May 5, 2023, activists from the Northern Virginia-based National Legal and Policy Center came up with a proposal to replace Warren Buffett as chairman of Berkshire Hathaway. His collaboration with Bill Gates in philanthropy could alienate various groups of investors, the statement said.
The conservatives emphasized that by working with Bill Gates, Buffett is undermining the principles of neutrality and getting involved in political processes.
The statement also pointed to the alleged ties between Bill Gates and Jeffrey Epstein. A notorious financier and alleged people smuggler met with Bill Gates and can manage his money, media say.
It should be noted that the foreign investment legend resigned from his position as trustee of BMF; he stated that he was inactive for a long time.
From “rat poison” to “gambling token”
Apart from that, the largest pension fund in the United States, the California Public Employees Retirement System or CalPERS, believed that the positions of CEO and chairman of Berkshire Hathaway should be separated.
However, it will not be easy to dethrone the 92-year-old: He personally has 31.5% of the vote and is opposed to sharing his leading functions.
As covered by U.Today in the past, Buffett is among the most experienced and staunch critics of Bitcoin (BTC) and cryptocurrencies as a whole. In his world-famous interview five years ago, in May 2018, he dismissed the largest cryptocurrency as “rat poison squared.”
Recently, he called Bitcoin (BTC) a gambling token with zero intrinsic value. At Berkshire Hathaway, he is very far from being the only skeptic. His 99-year-old right-hand man Charlie Munger repeatedly stressed that the Bitcoin (BTC) price would plummet to zero and wished cryptocurrencies hadn’t even been invented.
Two weeks ago, Buffett’s former deputy Tracy Britt Cool compared cryptos to “digital tulips,” recalling the tulip mania that gripped the Netherlands in the mid-1630s.
