Controversial billionaire Warren Buffett, the chairman of Berkshire Hathaway, is facing a potential risk of being dethroned from his position even after 2023. An influential conservative advocacy group, National Legal and Policy Center, went as far as to propose to replace Buffett due to his cooperation with Bill and Melinda Gates Foundation. The statement suggested that ties between Warren and the foundation might alienate different groups of investors.

The group also highlighted negative allegations regarding Bill Gates' colleague, late financier Jeffrey Epstein. The 92-year-old will not be easy to dethrone, however; he personally holds 31.5% of the votes and is opposed to dividing his leading functions.

Warren Buffett is well-known among cryptocurrency traders and investors, many of whom oppose his anti-crypto views. The investor has used the term ‘rat poison squared’ to describe Bitcoin (BTC), and his 99-year-old right-hand man Charlie Munger frequently expresses negative opinions about digital assets. Buffett’s former deputy Tracy Britt Cool labeled digital assets as "digital tulips" in reference to the tulip mania of the 1630s in the Netherlands.

Whether Warren Buffett will be able to hold off the challenge to his Berkshire Hathaway chairmanship or not, it’s still a mystery. Nevertheless, in the world of finance, many of Buffett’s age-old beliefs might soon become obsolete as the crypto sector shapes the future of the global financial industry.



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