Berkshire Hathaway, backed by Warren Buffet, has made immense money out of its venture in crypto firms. However, the profit comes despite Buffet’s open criticism of crypto. A report published by Bazenga shows that Berkshire’s highest income in the past year came from its crypto holdings only.
Warren Buffet’s Anti-Crypto Stance
Warren Buffett, a well-known opponent of Bitcoin, never misses a chance to voice his disapproval of the cryptocurrency sector. Buffet has a very unfavorable attitude and has refused to purchase Bitcoin, even on the days when its price was $15,000 in 2018.
In 2018, Buffet expressed his expectation of a calamity, saying, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.”
Berkshire Hathaway Crypto Venture
Though his distastes are well known, Buffet’s Berkshire Hathaway has a different strategy. We are discussing Nu Holdings, Inc. (NYSE: NU). Buffet or one of his advisors boosted the money inves
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