Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Master...
The "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies. Warren Buffett's Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that's also popular among the country's Bitcoin investors.In a securities filing late Monday, the industrials conglomerate disclosed that it had purchased $1 billion worth of Nubank Class A stock in Q4/2021. On the other hand, it sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock,....
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Warren Buffett, who once said cryptocurrency is nothing more than a “rat poison,” now invests $1 billion in a digital bank, Nubank, located in Brazil. In particular, Buffet’s company Berkshire Hathaway purchased 1 billion worth of shares of a blockchain-based bank, also known as neobank. Nubank is the largest bank of its kind in Latin […]
Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which offers the trading of Brazil’s first bitcoin exchange-traded fund (ETF). Berkshire Hathaway Invests in Pro-Bitcoin Digital Bank Warren Buffett’s Berkshire Hathaway Inc. has invested $500 million in the parent company of Nubank, a Brazil-based bitcoin-friendly digital bank, the South American company announced Tuesday. This is part of the bank’s Series G....
Master investor and chairman, CEO of Berkshire Hathaway Warren Buffett, isn't shy about his financial opinions. Appearing on CNBC Friday to discuss an NCAA-related contest, Buffett weighed in on a number of topics, including bitcoin. "Stay away from it," he was quoted as saying in a transcript. "It's a mirage basically." He said that the idea bitcoin might have "intrinsic value is just a joke." On a positive note, Buffett did acknowledge that bitcoin was "a very effective way" of transmitting money, but added that so were checks and money orders. This isn't the first time Buffett has....
When Warren Buffett speaks, like the old EF Hutton commercials used to say, people listen. Older people at least. He is nothing less than a master investor, with an unparalleled history of success and influence. And since people tend to follow leaders, and need to be led, he can banish a stock or industry to junk bond status at any time. His recent comments for the coming year now include Bitcoin, and his commentary is not pretty. Also read: 2014 - The Best and Worst Year for Bitcoin So Far. Warren Buffett: Stay Away From Bitcoin. A little background on Warren Buffett. He seems to have a....
Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and Charlie Munger talked about bitcoin during Berkshire Hathaway’s annual shareholders meeting Saturday. Buffett is Berkshire’s CEO and chairman of the board. Munger, often known as his right-hand man, is the company’s vice chairman of the....