The tycoon is one of the richest men in the world and gave his opinion on a type of investment that generated significant returns.
Warren Buffett is an American investor recognized as one of the most successful of all times. Furthermore, within the world of financeknew how to position himself as an example and a lighthouse when it came to thinking how to invest.
Over the years, the president and CEO of Berkshire Hathaway accumulated a great personal wealth through their investmentsso it is considered one of the richest men in the world.
Buffett’s contradiction: cryptocurrencies
With his fame in tow, the tycoon usually gives recommendations regarding how to invest and one of his considerations has been against the Bitcoin and cryptocurrenciesbefore which is very critical.
At the beginning of this year, Buffett dismissed bitcoin as a “gambling chip”. She did so in an interview with CNBC, in which he said that Bitcoin “has no intrinsic value” and added that “That doesn’t stop people from wanting to play roulette”.
Berkshire Hathaway investments linked to cryptocurrencies
Nubank It is a bank that allows you to exchange Bitcoins and other cryptocurrencies. In fact, earlier this year launched its own cryptocurrency call Nucoin and its share price has soared more than 100% so far this year amid growing revenue and customer numbers.
In June 2021, the company chaired by Buffett invested US$500 million in Nubank from Brazil. This was before its initial public offering (IPO) later that year. That stake is currently believed to be worth around u$840 million.
He Business Insider analysis showed that the Nubank stock market performance surpassed that of other Buffett holdings including those from giants like amazon, Manzana, Coca Cola, Bank of America and Kraft Heinz.
Source: Ambito
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