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- The billionaire investor doesn’t like Bitcoin because he considers it an unproductive asset. Buffett has a well-known preference for stocks of corporations whose value — and cash flow — come from producing things. But cryptocurrencies don’t have real value, Buffett said in a CNBC interview in 2020.
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Apr 30, 2022 · Buffett himself commented that there’s “nobody” that’s short bitcoin, everyone is a long-term holder. For more sophisticated crypto investors, some coins offer a way for them to use their...
Mar 6, 2024 · Warren Buffett Says He Wouldn't Pay $25 For All The Bitcoin In The World – He Considers Crypto 'Rat Poison' And Warns: 'I Can Say With Almost Certainty That They Will Come To A Bad Ending'
- Jeannine Mancini
Nov 10, 2022 · Buffett has made his share of extremely cutting remarks about Bitcoin and cryptocurrency over the years: “I don't have any Bitcoin. I don't own any cryptocurrency, I never will,” he told...
Feb 16, 2024 · Perhaps the most famous value investor of all time, Warren Buffett is strongly against Bitcoin and other cryptocurrencies, saying, "You can’t value Bitcoin because it’s not a...
- A Nu Form of Banking
- Buffett and Bitcoin
- From Trend to Strategy
The company is Nubank (NU4.67%), and it's revolutionizing banking in Latin America. Nubank is based in Brazil but serves customers in Mexico and Colombia as well. The primary goal of Nubank is to provide banking to every income group, not just the wealthy, the traditional customer base for Latin American banks. It offers a variety of products that ...
Now comes the interesting part. In an act of support, Nubank made the decision to allocate 1% of the cash on its balance sheet to Bitcoin. The company said the move was made to "strengthen the company's conviction" in the potential of Bitcoin. As of June 30, Nubank had roughly $3.1 billion in cash. With 1% allocated to Bitcoin, that would entail ro...
This is surely a broad assumption and only meant to speculate a bit, yet there is an angle here that is worth mentioning: Bitcoin continues to permeate the financial world. Naysayers like Buffet might be realizing that it is becoming increasingly difficult to protect their portfolios from gaining exposure to the asset class, even if that exposure i...
Apr 12, 2023 · Warren Buffett, Berkshire Hathaway CEO, joins CNBC's "Squawk Box" to discuss his thoughts on crypto and the staying power of bitcoin.
- 4 min
- 131.1K
- CNBC Television
Nov 20, 2017 · Bitcoin: What does Warren Buffett really think about cryptocurrency? Hint: The cryptocurrency probably won't end up in Berkshire Hathaway's portfolio anytime soon.
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