It seems that Buffett clarified his stance on Bitcoin in his final shareholder letter. This 95-year-old investor still maintains a strict view of cryptocurrencies.

What’s interesting is that he explicitly describes Bitcoin as “a speculative asset with no intrinsic value or cash flow.” His straightforward statement that he wouldn’t accept all the Bitcoin in the world for $25 aligns with his fundamental concerns about cryptocurrencies, which he shared with the late Charlie Munger.

However, interestingly, Buffett himself is indirectly involved in the crypto market through his investment in Brazil’s Nu Holdings. But he emphasizes that true returns should come from a company's actual profits, not speculative trading.

Since this is his letter concluding over 60 years of leadership at Berkshire Hathaway, his investment philosophy’s consistency stands out. From Buffett’s perspective, the cryptocurrency market remains a realm of speculation and is separate from long-term value creation. While opinions among market participants vary, I think it’s important to understand these differing viewpoints.