Warren Buffett dismisses Bitcoin, says would not buy all the supply in the world for $25
Prominent investors Warren Buffett and partner Charlie Munger thrash Bitcoin at a recent Berkshire Hathaway shareholder's meet
- May 2, 2022,
- Updated May 2, 2022 10:48 AM IST
Ace investors and Berkshire Hathaway CEO Warren Buffett and Vice Chairman Charlie Munger thrashed Bitcoin at the company's annual shareholder's meet on Saturday.
Berkshire Hathaway made a $1 billion investment in NuBank earlier this year. NuBank is Latin America's leading provider of digital financial services. While Nubank does not aggressively promote cryptocurrency trading, its platform called NuInvest enables clients to participate in a variety of crypto assets and Bitcoin exchange-traded funds (ETF).
Furthermore, the company is consistently disinvesting in traditional financial assets and institutions. Their recent SEC filing revealed that the company sold around $3 billion in Visa and Mastercard stock.
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Also Read: Goldman Sachs bullish on crypto
Ace investors and Berkshire Hathaway CEO Warren Buffett and Vice Chairman Charlie Munger thrashed Bitcoin at the company's annual shareholder's meet on Saturday.
Berkshire Hathaway made a $1 billion investment in NuBank earlier this year. NuBank is Latin America's leading provider of digital financial services. While Nubank does not aggressively promote cryptocurrency trading, its platform called NuInvest enables clients to participate in a variety of crypto assets and Bitcoin exchange-traded funds (ETF).
Furthermore, the company is consistently disinvesting in traditional financial assets and institutions. Their recent SEC filing revealed that the company sold around $3 billion in Visa and Mastercard stock.
Also Read: Walk through the India Art Fair in the metaverse
Also Read: Goldman Sachs bullish on crypto