Warren Buffett bet on Nubank (and bitcoin, by default)

0
1
Warren Buffett bet on Nubank (and bitcoin, by default)

Nubank has taken a bold step into the world of cryptocurrencies by launching its own cryptocurrency, nucoin, at the beginning of this year. This move resulted in impressive financial growth.

With the increase in the value of its shares more than 100% This year, the market performance of Nubank it has passed of other heavy investments in Buffett’s portfolio, such as Amazon, Apple, Coca-Cola, Bank of America y Kraft Heinz.

At a time when the world’s financial markets are in turbulent waters, Buffett’s indirect connection to cryptocurrencies through Nubank is ironic. At a time when the world’s financial markets are in turbulent waters, Buffett’s indirect connection to cryptocurrencies through Nubank is ironic.

Read Also:  Hold your breath before you see the Toyota truck with the 3b's: Good, beautiful and cheap

The investment

This position has strengthened the financial position of Berkshire Hathaway amid the possibility of a market shake-up US$ 17.7 billion. This shows a subtle change in the way traditional investors relate to the world of crypto.

Despite its criticisms, Nubank’s performance highlights a reality where even the strongest critics cannot ignore the financial potential involved in the crypto space.

For example, Paul Tudor Jones a veteran hedge fund manager, argues that, given the challenging political climate in the United States, Bitcoin and the gold They can now occupy a larger share of the investment portfolio than usual.

I like to combine gold and Bitcoin. I think they will be able to take a larger part of the portfolio than before, because of the difficult political situation we are facing in the United States and the geopolitical tension that is at play. I like the combination of gold and Bitcoin. I think they can take a bigger part of the portfolio than before, because of the difficult political situation we are facing in the United States and the geopolitical tensions that are playing out.

Read Also:  SENA contractors must receive their payments on time

Although Buffett’s stance on Bitcoin remains no changes even calling him “rat poison”, his indirect participation through the prosperous Nubank company appears in a narrative interesting.

It turns into a conversation about the evolution of investment strategies in the current financial era. It turns into a conversation about the evolution of investment strategies in the current financial era.