Warren Buffett's company has splurged $12 billion in the crypto market

2025-01-27 10:39:48

Abstract generation in progress

Source: fortune

Compiled by Ted Wu

Warren Buffett has always been clear about his dislike for cryptocurrencies. However, Berkshire Hathaway has invested millions of dollars in a Brazilian bank related to cryptocurrencies - Nu Holdings Ltd., whose stock has risen by 34% this year.

Attitude change

Warren Buffett, CEO and Chairman of Berkshire Hathaway, has repeatedly expressed his dislike for cryptocurrencies.

At the 2018 Berkshire Hathaway annual meeting, Buffett referred to Bitcoin as the ‘square of rat poison’.

We do not hold any cryptocurrency, nor do we short any cryptocurrency, we will never hold them.

“As far as cryptocurrencies are concerned, I can almost say with certainty that they will come to a bad ending,” Buffett said in a 2018 interview with CNBC.

But recent reports indicate that Berkshire Hathaway and some of its investment managers may be becoming more lenient in their views on cryptocurrency.

Berkshire Hathaway has invested in Nu Holdings, a Brazilian digital banking company that has its own cryptocurrency platform and supports the cryptocurrency market.

According to information from Nu, Berkshire Hathaway initially participated in a $500 million G round financing in 2021, followed by

TED-0,9%

BTC0,12%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.