Named Bitcoin enemy number one by Peter Thiel Warren Buffettbecame the owner of Bitcoin as a result of his investments.
Berkshire Hathaway CEO Warren Buffet has invested $500 million in Brazilian digital bank Nubank. Known for its crypto-friendly identity Nubankindirectly enabled Buffet to invest in crypto as well. According to CoinDesk’s report, the bank has allocated 1% of its cash to Bitcoin.
In addition to this investment, certain users of the bank can also trade Bitcoin and Ethereum. Cryptocurrency The transactions are expected to open to the public by next summer.
Koinfinans.com As we reported, Nubank previously offered its customers the opportunity to invest in cryptocurrencies by investing in ETFs.
Nubank CEO David Velez commented on the subject. “There is no doubt that crypto is a growing trend in Latin America, a trend we believe will have a transformational impact on the region.”
Nubank has 53.9 million users in Brazil and some other Latin American countries.
Warren Buffet and Charlie Munger are known for their identities against cryptocurrencies, especially Bitcoin. Buffet announced that he would not buy Bitcoin even if it was $ 25.
“When you have your own retirement account and your fellow advisor suggests you invest all the money in Bitcoin, just say no,” Munger said.
Berkshire Hathaway, thanks to its broad range of investments, will have indirect exposure to Bitcoin and cryptocurrencies as more companies become crypto-friendly. Berkshire Hathaway is also a major shareholder of Visa Inc, which gave Buffett partial ownership of CryptoPunk NFT.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.