Warren Buffett, one of the world’s most famous investors and known for his anti-crypto, invested $1 billion in a Bitcoin-linked digital bank in Brazil called Nubank.
As CEO of Berkshire Hathaway, Buffett sold some of his Visa and Mastercard shares and invested in Nubank, Brazil’s largest fintech bank. Nubank is extremely popular among Bitcoin investors in the country. A different type of bank from the traditional banking system, Nubank, unlike other banks, allows cryptocurrency in their transactions and offers products such as Bitcoin ETFs (Exchange mutual funds).
Warren Buffett’s $1 Billion Investment in Bitcoin-Linked Nubank
Warren Buffett’s multinational holding company, First Ring in December 2021 It had purchased $500 million worth of Nubank shares months before making the Offering (IPO). Nubank announced that this investment of 1 billion dollars is the largest investment made in their company.
Warren Buffett, known for his anti-crypto, said that decentralized finance solutions such as Bitcoin do not create anything for the world, saying that he does not take these technologies seriously.
15984
