few names ring louder than warren buffett in the world of finance  known as the oracle of omaha buffett chairman and ceo of berkshire hathaway inc nyse brka nyse brkb has has transformed a struggling textile manufacturing firm into a portfolio valued at over 325 billion buffett however has been infamously skeptical about cryptocurrencies particularly bitcoin btcusd which he famously called “rat poison squared” in a 2018 interview with cnbc buffett even went so far as to wager that given the chance he would gladly “buy a fiveyear put on every one of the cryptocurrencies” while also making it clear he would “never short a dime’s worth” well its been five years  buffett made that statement on may 5 2018 when bitcoin was hovering just under 10000 fastforward to now where bitcoin is rallying reclaiming the 30000 level amid increasing institutional interest evidenced by recent filings for a bitcoin etf by blackrock inc blk while buffett did express caution in his hypothetical bet clarifying he wouldn’t short crypto in the near term he would have lost most of the premium on his puts if he’d taken the wager bitcoin hit an alltime high of 67567 on november 8 2021 so buffett made the right call by saying he wouldnt go short  read also if you invested 1000 in bitcoin when warren buffett called it ‘rat poison squared’ here’s how much you’d have now the oracle of omaha also said he wouldnt buy bitcoin even if it went to 25 leading to backlash from the crypto community with figures like peter thiel labeling him as “enemy number one” of bitcoin though it should be noted that buffett hasn’t entirely turned his back on the crypto space last year berkshire invested 1 billion in nubank one of brazil’s largest fintech banks focused on cryptocurrencies and it wasn’t berkshires first time dealing with nu holdings ltd nu either the conglomerate reportedly bought 30 million nubank shares for 250 million in december 2021 during the company’s ipo and had earlier invested 500 million in june 2021  investment prowess aside its clear that the legendary investors 2018 prediction on bitcoin would have cost dearly showing that even the most respected investors don’t always get it right  read next if you invested 1000 in bitcoin when it launched here’s how much you’d have now