Bank AI

Bitcoin

David

Polkadot

when

<img width="1200" height="675" src="https://coingape.com/wp-content/uploads/2019/05/Warren-Buffet-on-Bitcoin-Again-Shout-it-as-Gambling-Device-and-Button-of-His-Jacket.jpg" class="attachment-full size-full wp-post-image" alt="Warren Buffet" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2019/05/Warren-Buffet-on-Bitcoin-Again-Shout-it-as-Gambling-Device-and-Button-of-His-Jacket.jpg 1200w, https://coingape.com/wp-content/uploads/2019/05/Warren-Buffet-on-Bitcoin-Again-Shout-it-as-Gambling-Device-and-Button-of-His-Jacket-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2019/05/Warren-Buffet-on-Bitcoin-Again-Shout-it-as-Gambling-Device-and-Button-of-His-Jacket-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2019/05/Warren-Buffet-on-Bitcoin-Again-Shout-it-as-Gambling-Device-and-Button-of-His-Jacket-1024x576.jpg 1024w, https://coingape.com/wp-content/uploads/2019/05/Warren-Buffet-on-Bitcoin-Again-Shout-it-as-Gambling-Device-and-Button-of-His-Jacket-678x381.jpg 678w" sizes="(max-width: 1200px) 100vw, 1200px">
The well-known skeptic of Bitcoin, Warren Buffett, always finds an opportunity to publicize his opinion against the crypto industry. With an extremely negative stance, Buffet has rejected buying Bitcoin even on the days when BTC was priced at $15,000 in 2018.&nbsp; 
Expecting a doomsday, Buffet said, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” in 2018.&nbsp;&nbsp; 
Five years later, the <a href="https://coingape.com/price/bitcoin/">Bitcoin price</a> is back above $50,000 with an all-time high of $69,000, with the market anticipations of more than $100,000 this year post-halving. Yet Buffett remains hawkish on his stance. 
However, not every follower of Buffet likes to follow his rule. Even though his dislikes are public knowledge, his holding company, <a href="https://coingape.com/bitcoin-unseats-berkshire-hathaway-to-become-the-worlds-8th-most-valued-asset/">Berkshire Hathaway</a>, takes a different approach. We are talking about Nu Holdings (NYSE: NU). After the initial investment of $500m for the leading Latin American digital-first Nubank in 2021, Buffet or one of his advisors has increased its stake to $1bn. 
<h2 id="strong-nu-holdings-warren-s-1-billion-indirect-crypto-bet-strong">Nu Holdings, Warren’s $1 Billion Indirect Crypto Bet&nbsp;</h2> 
Nu Holdings (NYSE: NU), originally known as Nubank, revolutionized the Latin American banking sector when it emerged in 2013. By challenging the traditional banks that leveraged their market position to impose hefty fees, Nubank introduced a digital-first approach. Offering affordable financial services through technology, it quickly attracted a vast customer base. 
Also Read: <a href="https://coingape.com/warren-buffett-backed-capital-one-mulls-buying-discover-financial-services/">Warren Buffett Backed Capital One Mulls Buying Discover Financial Services</a> 
Founded by David Velez, a seasoned entrepreneur with a background in venture capitalism at Sequoia Capital, Nubank’s digital-first strategy presents a formidable challenge to traditional banks encumbered by outdated, cost-intensive operational models.&nbsp; 
<h2 id="strong-nu-bank-offers-bitcoin-and-more-strong">Nu Bank Offers Bitcoin And More</h2> 
Amongst multiple innovative products is Nucripto, which was launched in 2022 and empowers users to trade in various cryptocurrencies, including Bitcoin and Ethereum. Within its debut month, Nucripto attracted over a million active users. 
This strategic positioning not only highlights Nubank’s competitive edge but also Berkshire Hathaway’s foresight in recognizing the potential of digital banking and cryptocurrency services in transforming the financial industry. 
Despite its primary revenue still stemming from conventional financial products, Nubank’s foray into the cryptocurrency space marks it as a key player in Latin America’s digital currency market. The introduction of its own digital currency, Nucoin, alongside the inclusion of cryptocurrencies like Polkadot and Avalanche, underscores its growing influence in the region. 
In many ways, Nubank isn’t the first stock chosen by Buffett that is going against his financial ideologies. For example, Buffett has avoided technology stocks for decades and has a long history with banks. Berkshire Hathaway owns stock in Bank of America and Citigroup, for example, and it has owned Wells Fargo stock for years. 
The post <a href="https://coingape.com/warren-buffetts-berkshire-hathaway-makes-1-billion-crypto-move-this-stock/">Warren Buffett’s Berkshire Hathaway Makes a $1 Billion Move On This Crypto Stock</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Warren Buffett’s Berkshire Hathaway Makes a $1 Billion Move On This Crypto Stock

目錄

Coingape News Media

在 2024年2月23日發表的其他文章

Terra Classic (LUNC) Price Surges 2% on Governance Upgrade, Eyes Breakout

Decentralized Physical Infrastructure Network: A Complete Guide

Top Analyst Reveals PEPE Price Levels to Watch as Bulls Target Over 100% Spike

Study Finds 46% Of NFT Airdrops Hit All-Time Highs In Their First Two Weeks

The ECB Said What? The Truth About Bitcoin Uncovered

OXFUN Gains $4 Million Boost to Reinforce Decentralized Exchange Operations

訂閱免費電子報，每天收取加密貨幣最新動態！