Warren Buffett’s Berkshire Hathaway Makes a $1 Billion Move On This Crypto Stock
Feb. 23rd, 2024
coingape.com (Click for full article)
The well-known skeptic of Bitcoin, Warren Buffett, always finds an opportunity to publicize his opinion against the crypto industry. With an extremely negative stance, Buffet has rejected buying Bitcoin even on the days when BTC was priced at $15,000 in 2018.
Expecting a doomsday, Buffet said, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” in 2018. However, not every follower of Buffet likes to follow his rule. Even though his dislikes are public knowledge, his holding company, Berkshire Hathaway, takes a different approach. We are talking about Nu Holdings (NYSE: NU). After the initial investment of $500m for the leading Latin American digital-first Nubank in 2021, Buffet or one of his advisors has increased its stake to $1bn.
Trump's Bitcoin U-Turn: Ex-President Shares New Take
Feb. 22nd, 2024
bitcoinist.com (Click for full article)
In a Wednesday television interview on Fox News’ “The Ingraham Angle,” former US President Donald Trump has articulated a more open stance towards Bitcoin, signaling a potential shift in his previously critical stance.. When asked by host Laura Ingraham about his views on the popular digital currency, Trump acknowledged the growing trend of BTC adoption, despite maintaining his preference for the US dollar.
Trump’s response to Ingraham’s inquiry was nuanced, acknowledging the burgeoning interest in Bitcoin. “Well, a lot of people are doing it. I always liked one currency, I could call it a currency. I liked the dollar. But a lot of people are doing it.”
He further stated, “And frankly, it’s taken on a life of its own, you probably have to do some regulation, as you know. But many people are embracing it. And more and more, I’m seeing people wanting to pay [with] Bitcoin. You’re seeing something that’s interesting. So I can live with it one way or the other. I’ve always liked one really powerful thing. And that’s called the dollar.”
This commentary is particularly noteworthy when contrasted with Trump’s historical stance on digital currencies. As president in 2019, Trump was overly critical of BTC and other cryptocurrencies, dismissing them as not genuine money and criticizing their volatility and basis “on thin air.”
Moreover, his administration was known for its efforts to block the approval of spot Bitcoin ETF applications and attempts to outlaw self-hosted wallets, citing concerns over cryptocurrencies being used to facilitate illegal activities.
Feb. 23rd, 2024
The well-known skeptic of Bitcoin, Warren Buffett, always finds an opportunity to publicize his opinion against the crypto industry. With an extremely negative stance, Buffet has rejected buying Bitcoin even on the days when BTC was priced at $15,000 in 2018.
Expecting a doomsday, Buffet said, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” in 2018. However, not every follower of Buffet likes to follow his rule. Even though his dislikes are public knowledge, his holding company, Berkshire Hathaway, takes a different approach. We are talking about Nu Holdings (NYSE: NU). After the initial investment of $500m for the leading Latin American digital-first Nubank in 2021, Buffet or one of his advisors has increased its stake to $1bn.
Trump's Bitcoin U-Turn: Ex-President Shares New Take
Feb. 22nd, 2024
In a Wednesday television interview on Fox News’ “The Ingraham Angle,” former US President Donald Trump has articulated a more open stance towards Bitcoin, signaling a potential shift in his previously critical stance.. When asked by host Laura Ingraham about his views on the popular digital currency, Trump acknowledged the growing trend of BTC adoption, despite maintaining his preference for the US dollar.
Trump’s response to Ingraham’s inquiry was nuanced, acknowledging the burgeoning interest in Bitcoin. “Well, a lot of people are doing it. I always liked one currency, I could call it a currency. I liked the dollar. But a lot of people are doing it.”
He further stated, “And frankly, it’s taken on a life of its own, you probably have to do some regulation, as you know. But many people are embracing it. And more and more, I’m seeing people wanting to pay [with] Bitcoin. You’re seeing something that’s interesting. So I can live with it one way or the other. I’ve always liked one really powerful thing. And that’s called the dollar.”
This commentary is particularly noteworthy when contrasted with Trump’s historical stance on digital currencies. As president in 2019, Trump was overly critical of BTC and other cryptocurrencies, dismissing them as not genuine money and criticizing their volatility and basis “on thin air.”
Moreover, his administration was known for its efforts to block the approval of spot Bitcoin ETF applications and attempts to outlaw self-hosted wallets, citing concerns over cryptocurrencies being used to facilitate illegal activities.
