沃伦·巴菲特（Warren Buffett

沃伦·巴菲特（Warren Buffett）的比特币立场在2025年第1季度进一步变硬，他的公司伯克希尔·哈撒韦（Berkshire Hathaway）完全退出了其在加密富有加密货币的金融科技nubank中的地位。

Key Insights:

关键见解：

* 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，伯克希尔·哈瑟韦（Berkshire Hathaway）从其在加密货币式的金融科技努力邦（Fintech Nubank）中的位置中的完整出口，进一步巩固了沃伦·巴菲特（Warren Buffett）对比特币的厌恶。

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

*此举是随着比特币在其历史最高水平以下的巩固，机构流入数字资产的流量正在加热。

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

*巴菲特的决定可能会向其他规避风险的投资者发出信号。

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.

伯克希尔·海瑟薇（Berkshire Hathaway）在第4季度2021年第4季度以每股9.82美元的价格购买NU Holdings（NYSE：NU）的股票，最终以1.07亿股的价格收购。

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.

这家投资公司逐渐修剪了其在公司中的地位。到2024年第三季度末，伯克希尔的股票以每股13.46美元的价格出售了20070万股，但仍然持有剩余的7030万股。

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，伯克希尔以11.83美元的平均价格出售了4020万股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.

在此期间出售的总股票加起来，据报道，在将该职位逐渐从2021年第四季度降低到2025年第1季度的1.07亿美元，这证实了巴菲特对加密货币的反对。

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

他们收到的销售股票的平均价格在季度之间有所不同，但在最终销售期间与较早的交易相比较低。

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.

巴菲特著名地称比特币为“老鼠毒”，并贬低了其价值，与他偏爱对可口可乐和苹果等价值股票进行投资。

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

尽管对比特币没有直接投资，但伯克希尔在努邦克的持有却向加密货币提供了间接接触。

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提供的服务包括比特币交易的客户。但是，巴菲特的公开声明和最近的行动表明，与比特币的任何关联都是他更喜欢避免的。

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.

这一举动也随着比特币正在测试至关重要的价格水平的下边界，这可以决定牛市从2021年开始的延续。

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.

随着比特币的价格徘徊在104,000美元至106,000美元左右，如果加密货币设法维持超过FIB水平，市场观察家将密切关注潜在的突破到新的历史最高水平。

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，巴菲特从Nubank撤离的决定可能会向其他习惯于低风险，传统策略的传统金融投资者传达信息。

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

一些分析人士认为，这一举动可能会影响大型银行和资金将来评估与加密友好平台的合作伙伴关系。

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.

由于Nubank开始向客户提供比特币并谈到了几种与区块链相关的产品，因此该公司的方法开始与巴菲特通常投资的产品不同。

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.

离开可能表明，Nubank选择更多地关注其原始的金融科技服务和对数字资金的开放性，这与巴菲特的价值观不符。

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.

在坚持他经过时间测试的投资想法多年之后，巴菲特可能最终决定，努班克的计划与他所代表的计划太大了。

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

但是，其他人提出了高价和提前退出的更实际原因。

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，由于ETF投资和大型公司的需求增加，加密市场似乎已准备好突破，从而导致市场变化。

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

尽管如此，整个2025年，企业，资金和ETF，政府和其他人的比特币的所有权都在增加。

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.

看来巴菲特（Buffett）正在尽早离开，以避免参与可能的泡沫和随之而来的风险，这是他的历史表明他多年前用互联网泡沫所做的事情。

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.

无论采用这一最新法案的原因，巴菲特对加密货币的持续怀疑都会影响传统投资者如何看待银行和金融科技公司参与区块链技术。