Warren Buffett has shared his opinions on crypto once again. Here's what it all means for investors curious about crypto:
When Buffett was asked about cryptocurrency at Berkshire Hathaway’s shareholder meeting Saturday, his answer was sure to be interesting. And the 91-year-old investor, whose personal net worth runs around $124 billion, delivered.
But Buffett said he wouldn’t do the same for Bitcoin, despite its current valuation of $38,000 per coin. He described his views as “the difference between productive assets and something that depends on the next guy paying you more than the last guy got.” This statement reflects Munger’s past positions, including that bitcoin is stupid because it will likely hit zero. He also believes crypto is evil because it undermines the U.S. Federal Reserve and financial system and makes the U.S. look foolish “relative to the communist leader of China.”
So far, Nubank has proved lucrative for Buffett, who reaped around $150 million in profits off his initial investment. In fact, the rewards were high enough that Buffett disclosed an SEC filing on 14 February that Berkshire Hathaway snapped up an additional $1 billion in Nubank shares. Meanwhile, the famous investor’s firm sold Visa shares worth $1.8 billion and Mastercard shares worth $1.3 billion.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Warren Buffett says 'monkeys' could do as good a job investing as Wall Street financial advisorsBuffett calls investing a 'simple game' that Wall Street financial advisors have convinced the public is harder than it really is.
Baca lebih lajut »
Warren Buffett Spends Big as Stock Market Sells OffWarren Buffett’s Berkshire Hathaway has used the recent markets slump as an opportunity to ramp up spending on stocks.
Baca lebih lajut »
Warren Buffett Reveals $2.6B Investment In Paramount GlobalWarren Buffett’s Berkshire Hathaway reported Monday in a securities filing that it has acquired a stake in Paramount Global after acquiring $2.6 billion in Class B shares. The SEC Form 13F fi…
Baca lebih lajut »
Warren Buffett’s Berkshire Hathaway Acquires $2.6B Stake in Paramount GlobalParamount joins Apple, Amazon and Charter Communications in Buffett's list of entertainment-related holdings.
Baca lebih lajut »
Reds' Hunter Greene, Art Warren no-hit Pirates for eight innings but still lose 1-0Cincinnati's Hunter Greene and Art Warren allow no hits in eight innings, but fielder's choice RBI in 8th lifts Pittsburgh to 1-0 victory.
Baca lebih lajut »
Elizabeth Warren: I Am Angry But Determined to Protect RoeFor Marie Claire, Massachusetts Senator SenWarren lays out the path to fight back right now.
Baca lebih lajut »