Warren Buffett Secretly Bought Crypto Through Nubank Despite Harsh Criticism of Bitcoin
According to insider information, investor and billionaire Warren Buffett secretly acquired cryptocurrency through the Brazilian fintech startup Nubank. This happened despite harsh statements from Buffett, who called Bitcoin a “mirage”.
Buffett previously called cryptocurrency “rat poison squared” and those who attract money into this area are “shady characters” who are trying to take advantage of the naivety and greed of people who dream of getting rich as easily as those whom they don’t even know. At the same time, they themselves often have a poor understanding of what they are investing in.
Warren Buffett, known as the "Oracle of Omaha", is one of the most successful investors in history. His company, Berkshire Hathaway, owns a fairly large portfolio, which includes shares of Coca-Cola, Apple, and Bank of America.
The billionaire earned the nickname due to his incredible ability to successfully predict trends in financial markets. Based in Omaha, Nebraska, Buffett became known for his deep financial knowledge and successful investments.
For years, Warren has emphasized his distrust of assets that do not generate a constant and sustainable stream of income, which he believes includes cryptocurrencies.
The successful businessman was also remembered for his powerful quote,
“It is important to resist the temptation to deviate from your principles - if you have no intention of holding the shares of a company for ten years, do not even consider buying them for ten minutes.”
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