沃倫·巴菲特（Warren Buffett

沃倫·巴菲特（Warren Buffett）的比特幣立場在2025年第1季度進一步變硬，他的公司伯克希爾·哈撒韋（Berkshire Hathaway）完全退出了其在加密富有加密貨幣的金融科技nubank中的地位。

Key Insights:

關鍵見解：

* Q1 2025 saw the complete exit of Berkshire Hathaway from its position in crypto-exposed fintech Nubank, further cementing Warren Buffett's aversion to Bitcoin.

*第1季度2025年，伯克希爾·哈瑟韋（Berkshire Hathaway）從其在加密貨幣式的金融科技努力邦（Fintech Nubank）中的位置中的完整出口，進一步鞏固了沃倫·巴菲特（Warren Buffett）對比特幣的厭惡。

* The move comes as Bitcoin consolidates below its all-time high, and institutional flows into digital assets are heating up.

*此舉是隨著比特幣在其歷史最高水平以下的鞏固，機構流入數字資產的流量正在加熱。

* Buffett's decision might send a signal to other risk-averse investors in traditional finance.

*巴菲特的決定可能會向其他規避風險的投資者發出信號。

Berkshire Hathaway began buying shares of Nu Holdings (NYSE:NU) during Q4 2021 at an average price of $9.82 per share, ultimately acquiring 107 million shares.

伯克希爾·海瑟薇（Berkshire Hathaway）在第4季度2021年第4季度以每股9.82美元的價格購買NU Holdings（NYSE：NU）的股票，最終以1.07億股的價格收購。

The investment firm gradually trimmed its position in the company. By the end of Q3 2024, Berkshire had sold 20.7 million shares for about $13.46 per share and still held the remaining 70.3 million shares.

這家投資公司逐漸修剪了其在公司中的地位。到2024年第三季度末，伯克希爾的股票以每股13.46美元的價格出售了20070萬股，但仍然持有剩餘的7030萬股。

During the first quarter of 2025, Berkshire sold 40.2 million stocks of Nubank at an average price of $11.83.

在2025年第一季度，伯克希爾以11.83美元的平均價格出售了4020萬股Nubank股票。

The total shares sold during this period add up to the reported figure of 107 million over the course of gradually reducing the position from Q4 2021 to Q1 2025, confirming Buffett’s opposition to crypto.

在此期間出售的總股票加起來，據報導，在將該職位逐漸從2021年第四季度降低到2025年第1季度的1.07億美元，這證實了巴菲特對加密貨幣的反對。

The average prices they received for the selling shares varied between quarters but were lower during the final sale compared to the earlier transactions.

他們收到的銷售股票的平均價格在季度之間有所不同，但在最終銷售期間與較早的交易相比較低。

Buffett has famously called Bitcoin "rat poison" and disparaged its value, contrasting it with his preference for investing in value stocks like Coca-Cola and Apple.

巴菲特著名地稱比特幣為“老鼠毒”，並貶低了其價值，與他偏愛對可口可樂和蘋果等價值股票進行投資。

Despite having no direct investments in Bitcoin, Berkshire's holding in Nubank offered indirect exposure to the cryptocurrency.

儘管對比特幣沒有直接投資，但伯克希爾在努邦克的持有卻向加密貨幣提供了間接接觸。

Nubank, a Brazilian fintech, provides services that include Bitcoin trading to its customers. However, Buffett's public statements and recent actions have signaled that any association with Bitcoin is something he prefers to avoid.

巴西金融科技Nubank提供的服務包括比特幣交易的客戶。但是，巴菲特的公開聲明和最近的行動表明，與比特幣的任何關聯都是他更喜歡避免的。

This move also comes as Bitcoin is testing the lower boundary of a crucial price level that could determine the continuation of the bull market from 2021.

這一舉動也隨著比特幣正在測試至關重要的價格水平的下邊界，這可以決定牛市從2021年開始的延續。

As the price of Bitcoin hovers around $104,000–$106,000, market watchers are keeping an eye on a potential breakout to a new all-time high if the cryptocurrency manages to sustain itself above the Fib level.

隨著比特幣的價格徘徊在104,000美元至106,000美元左右，如果加密貨幣設法維持超過FIB水平，市場觀察家將密切關注潛在的突破到新的歷史最高水平。

Moreover, Buffett's decision to divest from Nubank might send a message to other conservative investors in traditional finance who are accustomed to low-risk, legacy strategies.

此外，巴菲特從Nubank撤離的決定可能會向其他習慣於低風險，傳統策略的傳統金融投資者傳達信息。

Some analysts believe that this move could influence how large banks and funds assess partnerships with crypto-friendly platforms in the future.

一些分析人士認為，這一舉動可能會影響大型銀行和資金將來評估與加密友好平台的合作夥伴關係。

Since Nubank began offering Bitcoin to its customers and spoke about several blockchain-related products, the company's approach started to diverge from what Buffett typically invests in.

由於Nubank開始向客戶提供比特幣並談到了幾種與區塊鏈相關的產品，因此該公司的方法開始與巴菲特通常投資的產品不同。

Leaving might suggest that Nubank is choosing to focus more on its original fintech services and openness to digital money, which wouldn't align with Buffett's values.

離開可能表明，Nubank選擇更多地關注其原始的金融科技服務和對數字資金的開放性，這與巴菲特的價值觀不符。

After sticking to his time-tested investment ideas for many years, Buffett may have ultimately decided that Nubank's plans were too different from what he stands for.

在堅持他經過時間測試的投資想法多年之後，巴菲特可能最終決定，努班克的計劃與他所代表的計劃太大了。

However, others suggest a more practical reason for the high prices and early exit.

但是，其他人提出了高價和提前退出的更實際原因。

At the moment, the crypto market seems to be poised for a breakout due to an increased flow of ETF investments and demand from large companies, leading to a shift in the market.

目前，由於ETF投資和大型公司的需求增加，加密市場似乎已準備好突破，從而導致市場變化。

Still, there have been increases in the ownership of Bitcoin from Businesses, Funds and ETFs, Governments and others throughout the year 2025.

儘管如此，整個2025年，企業，資金和ETF，政府和其他人的比特幣的所有權都在增加。

It appears that Buffett is leaving early to avoid becoming involved in a possible bubble and the risks that come with it, something which his history shows he did many years ago with the dot-com bubble.

看來巴菲特（Buffett）正在儘早離開，以避免參與可能的泡沫和隨之而來的風險，這是他的歷史表明他多年前用互聯網泡沫所做的事情。

Whatever the reason for this latest act, Buffett's persistent skepticism towards crypto could influence how traditional investors perceive banks and fintechs engaged with blockchain technology.

無論採用這一最新法案的原因，巴菲特對加密貨幣的持續懷疑都會影響傳統投資者如何看待銀行和金融科技公司參與區塊鏈技術。