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Warren Buffett‘s public disdain for Bitcoin has not stopped one of his adherents from driving a 94-year-old mutual fund giant’s push into the leading cryptocurrency.

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Mutual fund manager Capital Group has poured roughly $1 billion into Bitcoin-related stocks in recent years and its push into Bitcoin is being led by Mark Casey, who claims that his investment style “is informed by” Buffett, The Wall Street Journal reported on Sunday.

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So why is the self-proclaimed student of Buffett driving Capital Group’s push into Bitcoin?

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“I just love Bitcoin,” Casey said on Andreessen Horowitz‘s “In The Vault” podcast last year. “I think it is so interesting,” he said, adding, “I think Bitcoin’s one of the coolest things that’s ever been created by people.”

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Casey and his colleagues at Capital Group believe Bitcoin will overtake gold as the preferred store of value, The Journal reported. With gold commanding a market capitalization of nearly $25 trillion compared to Bitcoin’s $2.3 trillion, they believe the digital asset has significant room for growth, the Journal reported.

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Casey first became interested in Bitcoin after a 2013 meeting with early Bitcoin proponent and Xapo Bank founder Wences Cesares, according to the Journal. However, as a mutual fund manager, Casey did not have a way to gain Bitcoin exposure until MicroStrategy (NASDAQ:MSTR) began its Bitcoin treasury strategy in 2020.

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Capital Group bought a 12.2% stake in MicroStrategy in 2021 for roughly $500 million, according to a Securities and Exchange Commission filing.

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Beyond MicroStrategy, Casey and some of his colleagues have purchased a 5% stake in Metaplanet, a Japanese hospitality firm that pivoted into a Bitcoin treasury firm last year for an undisclosed sum. The company’s stock has surged as much as 6000% since its Bitcoin pivot.

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Capital Group also owns shares of Bitcoin miner MARA Holdings (NASDAQ:MARA), according to a recent SEC filing.

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“We view Bitcoin as a commodity,” Casey told the Journal, addressing concerns about the valuation of Bitcoin treasury firms. He said he and some of his colleagues evaluate these firms in the same way they do companies that deal in physical commodities, such as gold and oil.