Category: Berkshire Hathaway

Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet

Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet

Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open new accounts or transfer money.” Nubank Now Offers In-App Crypto Trading […]

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Warren Buffett Won’t Pay $25 for All Bitcoin in the World — Charlie Munger Calls BTC ‘Stupid and Evil’

Warren Buffett Won’t Pay $25 for All Bitcoin in the World — Charlie Munger Calls BTC ‘Stupid and Evil’

Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and Charlie Munger talked […]

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Berkshire’s Charlie Munger Praises China for Banning Crypto — Wishes Crypto Had Never Been Invented

Berkshire’s Charlie Munger Praises China for Banning Crypto — Wishes Crypto Had Never Been Invented

Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says China did the right thing to “ban” cryptocurrencies, including bitcoin. He wishes that cryptocurrencies had never been invented, emphasizing that he will not participate in the crypto boom. He considers “this era even crazier than the dot-com era.” Warren Buffett’s Right Hand Man, Charlie […]

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Bitcoin Is Now World’s 8th Most Valuable Asset — BTC Now Targets Silver’s $1.31T Market Cap

Bitcoin Is Now World’s 8th Most Valuable Asset — BTC Now Targets Silver’s $1.31T Market Cap

The price of bitcoin had crossed the $60K zone at 1: 30 a.m. (EST) early Friday morning. The leading crypto asset’s latest price jump has made it so bitcoin’s overall market valuation of $1.119 trillion has surpassed Facebook’s market capitalization. The digital asset is also nearing the entire net worth of all the silver in […]

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The ‘Civil’ Charlie Munger Applauds Chinese Authoritarianism, Faces Backlash

Charlie Munger, Berkshire Hathaway vice chairman, sang praises for the Chinese government’s censorious act against Alibaba’s Jack Ma. Advised the US government to learn from and opt for China’s financial regulations. Ma’s sympathizers and the crypto community came together to shut down Munger’s mockery of Ma and the US government. Both his past and present actions […]

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Bitcoin Still Commands the 9th Largest Market Capitalization in the World

Bitcoin Still Commands the 9th Largest Market Capitalization in the World

Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away from turning over tech […]

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JPMorgan Survey: 49% of Institutional Investors Agree Cryptocurrency Is ‘Rat Poison’ as Warren Buffett Says or a Fad

JPMorgan Survey: 49% of Institutional Investors Agree Cryptocurrency Is ‘Rat Poison’ as Warren Buffett Says or a Fad

Investment bank JPMorgan conducted a survey of thousands of investors from 1,500 institutions and found that 49% of them think that cryptocurrency is either “rat poison squared,” the term used by Berkshire Hathaway CEO Warren Buffett to describe bitcoin, or “a temporary fad.” 49% of Investors Told JPMorgan Cryptocurrency Is a Fad or ‘Rat Poison […]

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Berkshire Hathaway’s Charlie Munger Finds Bitcoin ‘Disgusting and Contrary to the Interest of Civilization’

Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says he hates bitcoin’s success. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,” Munger said. Buffett, on the other hand, dodged the question about bitcoin because he did not want to upset the sheer number of investors who […]

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Charlie Munger’s ‘Disgusting’ Bitcoin Comment Suggests Bitcoin Still in Early Adoption Phase

Charlie Munger, the vice-chairman of Berkshire Hathway made headlines yesterday during the shareholders meeting when the inevitable question about Bitcoin came up. Munger said he “hates the success of Bitcoin” and claimed he felt disgusted at its success and believe it is against the interest of the civilization. Hunger said, Of course, I hate the […]

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Berkshire Hathaway’s Charlie Munger Advises Investors to Never Buy Bitcoin or Gold

Berkshire Hathaway’s vice chairman and Warren Buffett’s long-time business partner, Charlie Munger, has advised investors not to buy bitcoin or gold. He believes the cryptocurrency is too volatile to serve well as a medium of exchange. Munger also says he doesn’t know which is worse between Elon Musk’s Tesla reaching $1 trillion in market cap […]

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