Warren Buffett Now Owns Bitcoin
View Reddit by giladby – View Source
in Buzz
Warren Buffett Now Owns Bitcoin
epeakin
1.2k Views
6 Comments
Leave a Reply
GIPHY App Key not set. Please check settings
No he doesn’t. He’s invested in a bank that does. He owns Bitcoin no more than you own a Lamborghini because you have Lambo stocks.
tldr; Warren Buffett’s Berkshire Hathaway invested $500 million in Brazilian digital bank Nubank in June 2021. The bank’s parent company is allocating 1% of its cash to Bitcoin. Buffett and Berkshire Vice Chairman Charlie Munger have been outspoken critics of cryptocurrency, including Bitcoin. Bitcoin trades at $29,410.12.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Useless click-bait crap.
TLDR: BRK invested in a bank whose parent company just allocated 1% of its cash reserve into Bitcoin, making Mr. Buffett the indirect owner of Bitcoin.
Yes 💪
The oracle of idaho says :
“BUY THE DIP”🐑
u people love this old man