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🚨Breaking news: Wall Street billionaire contradicts himself?
📍Billionaire investor Warren Buffett is known for his hostility towards Bitcoin, as he described it as “rat poison.”
But at the same time, his company Berkshire Hathaway has invested in the field of digital currencies.
What does this contradiction mean about Wall Street's stance on digital assets?
📍Berkshire Hathaway investments in the field of digital currencies:
The company invested in New Digital Assets Corp (NDAC), which focuses on investing in cryptocurrency companies.
It also invested in Nubank, a Brazilian company that provides digital financial services.
📍The contradiction in Buffett’s position:
Buffett is known to be anti-cryptocurrencies, seeing them as having no real value.
But Berkshire Hathaway's investments indicate that the company recognizes the long-term potential of digital assets.
📍Wall Street's general position:
Wall Street's interest in cryptocurrencies is growing, with more companies and financial institutions entering the field.
There are still concerns about price volatility and regulation, but there is also huge potential for growth.
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