I’ll admit it: I’m starting to give up on Warren becoming a Bitcoin believer this year. We published an article not too long ago—“Berkshire Hathaway outperforms S&P 500 again. Will Warren Buffett need Bitcoin to compete in 2025?”—where I tried to keep some faith alive.
But here’s the thing: that faith is starting to look like delusion. You see, Wall Street analysts are already predicting the monster gains Berkshire’s portfolio will deliver in 2025 while sticking to his strategy that, despite what we thought, isn’t getting “too old.”
Trump’s pro-crypto administration is in full swing, Bitcoin’s correlation to U.S. stocks is climbing, and young investors are all-in. Warren? No dice. It’s as if the guy enjoys being the odd one out.
Berkshire Hathaway sticks to the ‘no Bitcoin’ playbook
2024 was a banger of a year for Berkshire. While the S&P 500 soared by a historic 24%, thanks to AI giants like Nvidia and Apple, Berkshire’s Class A shares climbed 25.5%, closing at $677,200. Outperforming the market isn’t new for Warren, it’s kind of his thing. Analysts had set a target of $673,660.
So, how did they do it? Same old, same old. Berkshire leaned into its core strengths: a portfolio packed with heavyweights like Apple, Coca-Cola, and Chevron, paired with an absurd amount of cash—over $300 billion by year’s end.
This war chest gives Warren the power to swoop in when the rest of the market panics. It’s what makes him an unshakable force. Coca-Cola, which he has loved since the ’80s, still spits out a sweet 3.1% dividend yield.
Apple, making up 30-40% of Berkshire’s portfolio, remains its crown jewel. And Geico’s underwriting earnings chipped in nicely to keep the balance sheet glowing.
Wall Street analysts are predicting more of the same in 2025. They’re particularly hyped about Liberty Latin America, a little-known telecom company Berkshire has quietly owned a small stake in for nearly a decade. It’s expected to jump nearly 58%.
Atlanta Braves Holdings, spun off last year, is also on the list, with a projected 42% gain. Then there’s Occidental Petroleum, one of Berkshire’s top six holdings, which analysts think could rise 20%.
The oil and gas producer had a rough 2024, dropping 17%, but Warren used the dip to buy even more shares. No full takeover, though. He’s made that clear.
Add in steady performers like Coca-Cola, Citigroup, Chevron, and Lennar Corporation, and it’s no wonder analysts are bullish.
So, allow us to answer the question the other article’s headline asked: No, Warren doesn’t need Bitcoin to singlehandedly outperform the stock market again.
