This Warren Buffett Devotee Is Plowing Billions Into Bitcoin
Capital Group has turned a $1 billion bet on Bitcoin into $6 billion!
Mutual-fund giant Capital Group is known for a disciplined approach. One of its top portfolio managers can’t get enough bitcoin.
Capital Group is a 94-year-old mutual-fund juggernaut known for its disciplined investing style. Mark Casey, a portfolio manager with 25 years of experience at the firm, quotes pioneering value-investor Benjamin Graham and says his “approach is very informed by Warren Buffett.”
Capital Group is one of the oldest and largest “active” investment managers. The Los Angeles firm, whose American Funds have been a staple in brokerage accounts for nearly a century, manages $3 trillion.
Each of its mutual funds has as many as 12 portfolio managers, like Casey, who independently manage parts of the funds.
By contrast, Casey is dubious other cryptocurrencies will ever prove valuable, even as rivals pile into ether.
That is why it is so surprising that Capital Group has placed a huge bet on bitcoin—one of the largest by a mainstream investment firm—and that Casey has emerged as one of most outspoken backers of Bitcoin in the so-called TradFi world.
Remainder Of The Article: Buffett ‘Killed His Reputation’ by Being Stupid About BTC, Says Max Keiser:


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Buffett ‘Killed His Reputation’ by Being Stupid About BTC, Says Max Keiser (#GotBitcoin) - DPL
One of the most successful investors of all. Buffett ‘Killed His Reputation’ by Being Stupid About BTC, Says Max Keiser (#GotBitcoin?)

















