Warren Buffett Hates Bitcoin — But This Money Manager Following His Strategy Turned $1 Billion Into $6 Billion Betting On It

Group 1 - Warren Buffett has historically warned against Bitcoin, labeling it as "rat poison" and stating his firm would "never" invest in cryptocurrencies [1] - Mark Casey, a portfolio manager at Capital Group, follows Buffett's investment principles but actively invests in Bitcoin, turning $1 billion into $6 billion through investments in companies like Strategy Inc. [3] - Capital Group became the largest shareholder of Metaplanet, Japan's leading bitcoin treasury company, with a $500 million stake [4] Group 2 - Casey expresses a strong interest in Bitcoin, considering it one of the most innovative creations, while noting limited ways to incorporate it into equity portfolios [5] - Despite his enthusiasm for Bitcoin, Casey predicts a challenging future for altcoins due to potential regulatory and technical issues [5][6] - Casey's perspective contrasts with many equity investors who adhere to Buffett's principles and do not invest in Bitcoin [4]