Good evening, brothers!
In the 2004 letter to shareholders, Buffett listed the companies in which Berkshire held stocks valued at over $600 million, with the four companies having the highest market values being: American Express, Coca-Cola, Gillette, and Wells Fargo. The stocks of these four companies were purchased by Buffett in batches between 1988 and 2003, with a total investment amounting to $3.83 billion. Overall, Buffett's average purchase time was in July 1992, and the average holding period has exceeded 12 years.
During the more than ten years that Buffett held these stocks without selling, the market value of American Express grew from $1.47 billion to $8.546 billion, Coca-Cola's market value grew from $1.299 billion to $8.328 billion, Gillette's market value grew from $600 million to $4.299 billion, and Wells Fargo's market value grew from $463 million to $3.508 billion… All Buffett had to do was observe whether their fundamentals had deteriorated; if not, he would simply "sit still."
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After more than nine hours of private negotiations, the hardliners of the Republican Party in the U.S. House of Representatives reached a compromise on cryptocurrency legislation, allowing three key bills to advance to the procedural voting stage, bringing significant legislative breakthroughs for the digital asset industry.
According to media reports, the deadlock that had previously hindered the legislative process was alleviated after Trump's intervention. Following a late-night meeting with Trump at the White House on Tuesday and final negotiations with House leadership on Wednesday, previously opposing lawmakers returned to support the advancement of the bills.
The House Rules Committee held a hearing on Wednesday afternoon to officially initiate the legislative process. The bills have already been approved by the Senate and, if approved by the House, will be submitted for Trump's signature.
This week is referred to as "Crypto Week" in the U.S. Congress, as three key cryptocurrency bills supported by Trump are under review, and their passage will lay an important foundation for the regulatory framework of the digital asset industry.
BTC: On the 4-hour level, the price continues to oscillate near the middle band of the Bollinger Bands.
On the daily level, the price continues to oscillate near the moving averages.
In summary, the support level is 118100, and the resistance level is 118500.
ETH: On the 4-hour level, the price remains at the upper band of the Bollinger Bands, showing a strong price trend. The price is overbought, and it may be appropriate to reduce positions and take some profits. The support level is 3440, and the resistance level is 3460.
LTC: The price continues to stay above the middle band of the Bollinger Bands, showing a strong price trend. The support level is 98, and the resistance level is 102.
BCH: The price continues to oscillate near the middle band of the Bollinger Bands, with the price trend still primarily oscillating. The support level is 480, and the resistance level is 510.
That's all for now, good night!
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