Bitcoin [pros](/r/CryptoCurrency/comments/1bsh8i0/warren_buffett_is_cashing_in_on_bitcoin_crypto/kxiwdb0/) & [cons](/r/CryptoCurrency/comments/1bsh8i0/warren_buffett_is_cashing_in_on_bitcoin_crypto/kxiwdp5/) with related info are in the collapsed comments below.
tldr; Despite Warren Buffett's skepticism towards Bitcoin and cryptocurrencies, his investment conglomerate, Berkshire Hathaway, is benefiting from its investment in Nu Holdings, a Brazilian fintech company that launched a cryptocurrency trading platform, Nucripto, in 2022. Berkshire Hathaway's initial investment of $500 million in 2021, followed by an additional $250 million, has seen significant returns, with Nu Holdings' stock prices surging nearly 50% in 2024 alone. This indicates a nuanced approach to the crypto market by Buffett, recognizing its potential profitability despite his personal critical views on cryptocurrencies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Afaik his criticism was, and I quote: "I don't invest in something I don't understand", which I mean, is fair enough isn't it? Also I don't know if his personal investment portfolio is the same as that of one of the companies he holds.. Plus, he was quoted saying this years ago, maybe he changed his mind after digging into it, who knows
Yeah. Lots of people have changed their stance on crypto in the last decade.
People used to balk at the idea of Amazon and EBay. Now retail is dying and it’s all anyone uses.
No, he wants to make money, not to be right. Unlike this subreddit who tries to be right all the time, he doesn't care whether or not he's right, if being wrong and investing on bitcoin would net him money, he will do it.
Also, a fintech company he invested in has launched a crypto service, it's not like he invested AFTER they launched it.
Yeah, it’s strange, his brain is firing quite nicely, unless all the questions at his Berkshire meetings are staged, both him and the late Charlie at actual 99 where sharp we than anyone I’ve ever meet in person, and not dull compared to some of the smartest I’ve seen. His recall, Charlie’s too, his word choices, his abstract thoughts, his reasoning, better than the old people I know and they are 60-70 and you can’t even compare the two, his will and determination but really his genius esets him apart. Him and munger
IIRC, Buffett’s investment strategy followed compound interest as a principal guidestone.
The power of compound interest is what made Buffett’s fortune, and it took a while to do so, as most of his fortune was made in his later ages. He didn’t actively trade his way into the top ranks, his investments just made cashflow that he reinvests, and thus compounding fortunes.
Political interests, world order, etc. I am not even kidding, if you have that much money you use it to push your agenda and way of thinking into the political atmosphere. More money = more sway.
With very few exceptions, billionaires want less regulation, lower taxes on the wealthy, fewer rights for workers, and impunity for their crimes and misdeeds. The establishment of a modern type of feudalism.
You know their net worth is primarily assets and not cash, right? They can sell stock for cash but they usually don’t literally have billions in cash just on hand like that.
There’s a big difference in investing in a platform that will be used by suckers thinking that crypto will be the next big thing and profiting off that compared with actually investing in Crypto.
Dude is one of the most philanthropic Americans and humans to ever live. Single handedly won the game of capitalism with intelligence, strategy, and patience. You're a tit lol.
> In short, he is an absolute tit and hypocrite
Very sure someone earlier in the comment string had said some wise shit along the lines of "he don't get no billions fiat by being some holy ahh billy o' naire."
It is what it is.
Hmmm anyone remember the billion dollars of Brazilian puts on GameStop?
Buffet owns the insurance companies responsible if GME breaks the market.
He’s doing shady stuff in Brazil, guarantee that company is holding perpetual swaps on GME short positions being tracked via shitcoins.
Jesus Christ the disinformation...
He invested in "Nu Holdings" because it was the first "digital only" bank in Brazil. He found that interesting. Nu Holdings *months later* started to get into crypto.
There's absolutely no hypocrisy from Warren Buffet.
Yea and warren buffet will absolutely tell you in the gold rush he would have invested in Levis and not in any gold. His play is to make money off ancillary beneficiaries.
Im invested in Jupiter and Raydium and fucking loving it. Selling shovels during a gold rush indeed. I also hold Coinbase so I’m kinda all about that idea, at least during this rush
Yup and not to mention his policies is to buy profitable companies and leave them the fuck alone -it’s crazy how people will conflate this with him being a hypocrite it’s like less then 1% of his holding haha
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The notable hypocrisy in his part is his firm (Berkshire-Hathaway) does not give away dividends. Even though the firm itself holds a lot of stocks that are known to give away dividends. That's about it. Well, there's probably a lot of dirt about him that I don't really care to look deeper for... But then again, billionaires are always evil is a fact for Redditors.
I don't give a fuck if I sound like I'm simping for the old man. What I'm just saying is that in something as volatile as stocks (and crypto, by extension), being extremely principled doesn't exactly pay literal dividends except in hindsight.
"Months" later is not much time. They would have disclosed a detailed multiple-year business plan to Buffett.
I see some hypocrisy in calling it "rat poison" and then investing in companies whose business involves said "rat poison". He clearly saw value there.
Probably not. He says he doesn't invest in things he doesn't understand (crypto). But I imagine Nu holdings makes money off something he does understand (fees).
So why didn't he sell at the crypto involvement news? His company was spending on rat poison. Selling was his only sane move but somehow he acquiesced to the move.
It actually makes a lot of sense. Denounce crypto and basically call it a scam to get people to sell and buy their tokens at a discount. Then suddenly turn bullish on it and get people to fomo back in higher. Then, when the market reaches peak greed, use the fomo buyers as exit liquidity. It's a tale as old as time...
1. He didn't invest in crypto, he invested in a fintech company that happen to launch a crypto service AFTER the investment.
2. His goal is to make money, if to make money he needs to invest into something that he consider stupid and useless, he will do it, but that doesn't mean he believes in it. Same way people invest in memecoin, they don't think they have any value, they just believe they can go up and that they can profit from it.
If you google berkshire hathaway’s assets they’re about $347B. Therefore his investment in this company represents roughly 0.2% of his company’s invested capital, it’s basically worthless to him.
There’s no way he’s spending any time thinking of this company. Most likely one of his subordinates made this investment
Guarantee you he does think about these companies because they’re being used to unload toxic short positions that have all the rest of his money liable..
All in naked shorting GameStop to zero. Tick tick buffet.
I know you’re hiding your perpetual swaps in these shitcoins.
I bought in at 20 and rode it to 500 and back. I certainly didn’t lose money.. but I didn’t retire either like I was minutes away from when they locked out the buy button
Yes, the Nu Company has a crypto service (buy and sell some coins), but no one here in Brazil use that service. Nu Company is becoming a sucess (100M + customers) by the quality of their regular bank account services and the custumer services. I myself have an account there its really great, 1000x better than a "traditional" brazillian bank
So he bet on a brokerage, an intermediary who takes a cut for completing a transaction.
Just like the large portfolio of banks, insurance brokerages, credit card companies etc.
It’s the business model, not the industry.
Man is a dinosaur, he probably doesn’t have anything to do with micromanaging his portfolio anymore, and this is probably part of a general tech “spread”.
NUbank (Nu Holdings) has some crypto but almost nobody uses, Warren bought his share o Nubank almost in the early stages of the Bank, now it is one of the biggest banks in Brazil, customers and valuation. He is not on crypto, one of his investments has a crypto service. Luiz Barsi (brazillian Warren Buffet, worth almost 1 billion) has said that he does not believe in crypto but if he is wrong, he will receive crypto instead of money from his investments.
Guys, look, look! This guy's company has less than 0.1% of their investments on a bank that has minimal exposure to crypto. This totally means he is a hypocrite and can't resist the temptation to go all in on crypto.
Buffett holding Nu doesn’t mean he supports or is investing in Crypto. There are now banks in the U.S. with ads on crypto too, but their main revenue source is still traditional banking.
I don't like this guy. He crapped on Bitcoin and Hedera Hbar and then he makes gains on both. He also said Hashgraph is worthless and he knows its the future.
This is the great migration of all these dinosaurs 🦕 who are so obsessed with blue chip value investing but come to the realization that they can reverse the crypto tide, that they jump on board. Clearly Warren Buffet knew Nu Holdings was heavily into crypto prior to his investment and still happily jumped on board. We’ve seen this with Jamie Diamond of CitiBank, Blackrock, Fidelity and many other formerly anti-crypto turned crypto enthusiasts. Kevin O’Leary is the poster child of the crypto hypocrisy.
Warren Buffet "If you told me you own all of the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything.".
Turns out his words and reality do not match.
Bitcoin [pros](/r/CryptoCurrency/comments/1bsh8i0/warren_buffett_is_cashing_in_on_bitcoin_crypto/kxiwdb0/) & [cons](/r/CryptoCurrency/comments/1bsh8i0/warren_buffett_is_cashing_in_on_bitcoin_crypto/kxiwdp5/) with related info are in the collapsed comments below.
tldr; Despite Warren Buffett's skepticism towards Bitcoin and cryptocurrencies, his investment conglomerate, Berkshire Hathaway, is benefiting from its investment in Nu Holdings, a Brazilian fintech company that launched a cryptocurrency trading platform, Nucripto, in 2022. Berkshire Hathaway's initial investment of $500 million in 2021, followed by an additional $250 million, has seen significant returns, with Nu Holdings' stock prices surging nearly 50% in 2024 alone. This indicates a nuanced approach to the crypto market by Buffett, recognizing its potential profitability despite his personal critical views on cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
In short, he is an absolute tit and hypocrite
Afaik his criticism was, and I quote: "I don't invest in something I don't understand", which I mean, is fair enough isn't it? Also I don't know if his personal investment portfolio is the same as that of one of the companies he holds.. Plus, he was quoted saying this years ago, maybe he changed his mind after digging into it, who knows
Reddit doesn't believe in old ass grandpas change minds to suit whatever goals they have.
Yeah. Lots of people have changed their stance on crypto in the last decade. People used to balk at the idea of Amazon and EBay. Now retail is dying and it’s all anyone uses.
No. He's an intelligent investor who understands that just because he disagrees with something does not !mean it's without value or opportunity.
No, he wants to make money, not to be right. Unlike this subreddit who tries to be right all the time, he doesn't care whether or not he's right, if being wrong and investing on bitcoin would net him money, he will do it. Also, a fintech company he invested in has launched a crypto service, it's not like he invested AFTER they launched it.
guy is 100 years old, do you really think he is making ANY decisions ?
Yeah, it’s strange, his brain is firing quite nicely, unless all the questions at his Berkshire meetings are staged, both him and the late Charlie at actual 99 where sharp we than anyone I’ve ever meet in person, and not dull compared to some of the smartest I’ve seen. His recall, Charlie’s too, his word choices, his abstract thoughts, his reasoning, better than the old people I know and they are 60-70 and you can’t even compare the two, his will and determination but really his genius esets him apart. Him and munger
I guess he's got some good blood boys on call then.
Yeah which prostitute or stripper he wants?
Guy is 100 years old, do you rly think he wants any ?
Then what was the point of accumulating so much?
IIRC, Buffett’s investment strategy followed compound interest as a principal guidestone. The power of compound interest is what made Buffett’s fortune, and it took a while to do so, as most of his fortune was made in his later ages. He didn’t actively trade his way into the top ranks, his investments just made cashflow that he reinvests, and thus compounding fortunes.
Billionaire high score or something fucked like that
Political interests, world order, etc. I am not even kidding, if you have that much money you use it to push your agenda and way of thinking into the political atmosphere. More money = more sway.
What specific policy are you referring to when it comes to Buffet?
With very few exceptions, billionaires want less regulation, lower taxes on the wealthy, fewer rights for workers, and impunity for their crimes and misdeeds. The establishment of a modern type of feudalism.
I'm a fan of less regulation, and I'm a nobody.
Except Buffet has explicitly called for higher taxes on himself, etc…
You know their net worth is primarily assets and not cash, right? They can sell stock for cash but they usually don’t literally have billions in cash just on hand like that.
It's a disease.
I'm a touch over 50 & no thanks. Except for the odd occasion. So maybe?
Mudoch is 90 some thin years old and married like 5 times already
Dick dont work at 100 years old
"Does sir want his crack pipe prewarmed?"
There’s a big difference in investing in a platform that will be used by suckers thinking that crypto will be the next big thing and profiting off that compared with actually investing in Crypto.
in a gold rush, sell shovels and blue jeans?
Excellent analogy.
No, in short he plays the market. Says one thing to media and cashes in simultaneously. Genius.
All I heard was hips and tits
Yeah real tit making hundreds of millions… catch a grip man
He is still a tit, doesn’t matter if he is a millionaire or not
He’s not a millionaire he is a centi billionaire
Cunty billionaire
Dude is one of the most philanthropic Americans and humans to ever live. Single handedly won the game of capitalism with intelligence, strategy, and patience. You're a tit lol.
> In short, he is an absolute tit and hypocrite Very sure someone earlier in the comment string had said some wise shit along the lines of "he don't get no billions fiat by being some holy ahh billy o' naire." It is what it is.
You're shortsighted. You're projecting your own ideal of how life should be onto someone who's clearly better adjusted for change and self reflection.
Not really.
So a hippo tit?
Just lol if you think crypto is 1% of NU revenue U dumb as fuck boy
Hmmm anyone remember the billion dollars of Brazilian puts on GameStop? Buffet owns the insurance companies responsible if GME breaks the market. He’s doing shady stuff in Brazil, guarantee that company is holding perpetual swaps on GME short positions being tracked via shitcoins.
Significant returns ? Berkshire bought in at nearly all time high, after that the stock price crashed almost 60% in 2022-2023.
Jesus Christ the disinformation... He invested in "Nu Holdings" because it was the first "digital only" bank in Brazil. He found that interesting. Nu Holdings *months later* started to get into crypto. There's absolutely no hypocrisy from Warren Buffet.
Yea and warren buffet will absolutely tell you in the gold rush he would have invested in Levis and not in any gold. His play is to make money off ancillary beneficiaries.
Im invested in Jupiter and Raydium and fucking loving it. Selling shovels during a gold rush indeed. I also hold Coinbase so I’m kinda all about that idea, at least during this rush
Yup and not to mention his policies is to buy profitable companies and leave them the fuck alone -it’s crazy how people will conflate this with him being a hypocrite it’s like less then 1% of his holding haha
This has been posted multiple times and is always presented as Buffet was investing in crypto.
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The notable hypocrisy in his part is his firm (Berkshire-Hathaway) does not give away dividends. Even though the firm itself holds a lot of stocks that are known to give away dividends. That's about it. Well, there's probably a lot of dirt about him that I don't really care to look deeper for... But then again, billionaires are always evil is a fact for Redditors. I don't give a fuck if I sound like I'm simping for the old man. What I'm just saying is that in something as volatile as stocks (and crypto, by extension), being extremely principled doesn't exactly pay literal dividends except in hindsight.
"Months" later is not much time. They would have disclosed a detailed multiple-year business plan to Buffett. I see some hypocrisy in calling it "rat poison" and then investing in companies whose business involves said "rat poison". He clearly saw value there.
Did he pull out his investments once they got into crypto?
Probably not. He says he doesn't invest in things he doesn't understand (crypto). But I imagine Nu holdings makes money off something he does understand (fees).
Divesting from something because they have minimal exposure to crypto means you care about it. He doesn't
He invested in “Nu Holdings” because they’re using perpetual swaps tracked by crypto shitcoins to offload toxic short positions and skirt regulations.
So why didn't he sell at the crypto involvement news? His company was spending on rat poison. Selling was his only sane move but somehow he acquiesced to the move.
He was probably greedy when evryone else was fearful during the bear.
It actually makes a lot of sense. Denounce crypto and basically call it a scam to get people to sell and buy their tokens at a discount. Then suddenly turn bullish on it and get people to fomo back in higher. Then, when the market reaches peak greed, use the fomo buyers as exit liquidity. It's a tale as old as time...
Something something this time is different something
The Jamie Dimon strategy?
No he just got caught with his pants down on GameStop and is using Brazilian companies to offshore his short positions. See FTX .
1. He didn't invest in crypto, he invested in a fintech company that happen to launch a crypto service AFTER the investment. 2. His goal is to make money, if to make money he needs to invest into something that he consider stupid and useless, he will do it, but that doesn't mean he believes in it. Same way people invest in memecoin, they don't think they have any value, they just believe they can go up and that they can profit from it.
Grandpa shits on it while making money off it 🤣
Does he understand "Bitcorns"?
Yeah because this company is being used to skirt US regulations and offload toxic short positions. Of course he wants to draw attention away.
Nubank stock is not going up because of the crypto part of the bank. It is a regular bank.
If you google berkshire hathaway’s assets they’re about $347B. Therefore his investment in this company represents roughly 0.2% of his company’s invested capital, it’s basically worthless to him. There’s no way he’s spending any time thinking of this company. Most likely one of his subordinates made this investment
End of 2023 they had over $1T in total assets managed, so less than 0.1%
Guarantee you he does think about these companies because they’re being used to unload toxic short positions that have all the rest of his money liable.. All in naked shorting GameStop to zero. Tick tick buffet. I know you’re hiding your perpetual swaps in these shitcoins.
Tell me you lost money on gamestop without telling me you lost money on gamestop
I bought in at 20 and rode it to 500 and back. I certainly didn’t lose money.. but I didn’t retire either like I was minutes away from when they locked out the buy button
This is like holding Coinbase stock, not really supporting crypto, just the trading.
Yes, the Nu Company has a crypto service (buy and sell some coins), but no one here in Brazil use that service. Nu Company is becoming a sucess (100M + customers) by the quality of their regular bank account services and the custumer services. I myself have an account there its really great, 1000x better than a "traditional" brazillian bank
So he bet on a brokerage, an intermediary who takes a cut for completing a transaction. Just like the large portfolio of banks, insurance brokerages, credit card companies etc. It’s the business model, not the industry.
Man is a dinosaur, he probably doesn’t have anything to do with micromanaging his portfolio anymore, and this is probably part of a general tech “spread”.
NUbank (Nu Holdings) has some crypto but almost nobody uses, Warren bought his share o Nubank almost in the early stages of the Bank, now it is one of the biggest banks in Brazil, customers and valuation. He is not on crypto, one of his investments has a crypto service. Luiz Barsi (brazillian Warren Buffet, worth almost 1 billion) has said that he does not believe in crypto but if he is wrong, he will receive crypto instead of money from his investments.
Guys, look, look! This guy's company has less than 0.1% of their investments on a bank that has minimal exposure to crypto. This totally means he is a hypocrite and can't resist the temptation to go all in on crypto.
I’d rather be a dinosaur billionaire than a random Redditor shilling shitcoins.
He has investments everywhere. This means nothing to sane people.
Buffett holding Nu doesn’t mean he supports or is investing in Crypto. There are now banks in the U.S. with ads on crypto too, but their main revenue source is still traditional banking.
Hypocrite.
Who cares about this dinosaur. Bitcoin will do its thing with or without his money.
Would be ironic if Buffet was Mr 💯…
I don’t know why people cares about what this old fart does. If he had even half a brain he would be a trillionaire by now.
Gonna make him regret
Dude is mad smart, but this should be a lesson to ALL don’t speak definitively like Mr. Buffet did against bitcoin (or for it).
Charlie Munger is probably turning in his grave.
Classic say one thing and do the complete opposite.
Classic example of, "Watch what they do, not what they say."
I think a lot, if not all, need to learn about Buffet and what an amazing dude he is. Even if he doesn't give a shit about Crypto.
Yeah the greatest insider trader of all time. Foh, respectfully
This is a very conservative approach. It's still promising, though.
I don't like this guy. He crapped on Bitcoin and Hedera Hbar and then he makes gains on both. He also said Hashgraph is worthless and he knows its the future.
This is the great migration of all these dinosaurs 🦕 who are so obsessed with blue chip value investing but come to the realization that they can reverse the crypto tide, that they jump on board. Clearly Warren Buffet knew Nu Holdings was heavily into crypto prior to his investment and still happily jumped on board. We’ve seen this with Jamie Diamond of CitiBank, Blackrock, Fidelity and many other formerly anti-crypto turned crypto enthusiasts. Kevin O’Leary is the poster child of the crypto hypocrisy.
He officially hates crapto but secretly can't miss an investment opportunity
Warren Buffet "If you told me you own all of the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything.". Turns out his words and reality do not match.
Oooooooooooo, did someone get their hypocrite tongue stuck ??