22:30 Warren Buffett Sees ‘No Option’ Other Than US Dollar as Reserve Currency, but Warns Fed Can’t ‘Just Print Money Indefinitely’
Bitcoin is beating Warren Buffett’s 'crypto bet' in 2023 Bitcoin's rebound in 2023 has also seen Coinbase stock gaining over 100% year-to-date, boosting Cathie Wood's ARK portfolio. Market Analysis Own this piece of history Collect this article as an NFT In 2023, Bitcoin (BTC) and Cathie Wood's Coinbase (COIN) investment are finally outperforming Warren Buffett's popular "crypto bet" in Brazil's fintech giant Nubank (NU). […]
Community mocks Charlie Munger for his obsession with China’s Bitcoin ban The cryptocurrency community has ridiculed well-known Bitcoin (BTC) critic Charlie Munger, vice chairman of Berkshire Hathaway, for calling the United States to follow in the footsteps of China and ban crypto. In an op-ed article in The Wall Street Journal, the 99-year-old investment veteran has once again slammed crypto, calling a cryptocurrency a “gambling contract with […]
Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway Warren Buffett raised eyebrows this week when his firm, Berkshire Hathaway, upped its exposure to United States Treasury bills. If you’re one of the few remaining bulls out there, Buffett’s flight to safety is concerning because it signals that the Oracle of Omaha would rather get 3% yield instead of playing the stock market. If […]
Charlie Munger: Everybody Should Avoid Crypto ‘as if It Were an Open Sewer, Full of Malicious Organisms’
What Warren Buffett Gets Right About Bitcoin Before I exited academia, I trained as a financial historian. I looked at balance sheets in dusty, old archives and I investigated what banks were doing in Victorian Britain; I ran fancy statistical analyses on 19th-century stock prices to see if they behaved like modern portfolio analysis suggests stock prices should; and I looked at […]
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 […]
Warren Buffett-Backed Digital Bank Nubank Buys Bitcoin, Adds Trading In App Brazil’s largest digital bank added bitcoin to its treasury and now allows customers to buy, sell and hold the currency in its mobile app. Nubank now enables its customers to purchase bitcoin in its mobile app. Nubank will also allocate 1% of its portfolio to bitcoin to “strengthen the company’s conviction” in the potential of […]
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 […]
Crypto community responds to Charlie Munger yelling at Bitcoin again As 97-year-old investment veteran Charlie Munger continues scolding cryptocurrencies like Bitcoin (BTC), the crypto community is quick to respond to his latest comments. The vice-chairman of Warren Buffett’s Berkshire Hathaway spoke of crypto at Australia's investor event, the Sohn Hearts and Minds conference, on Friday, reiterating his extreme skepticism to the industry, local news agency […]
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 the […]
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 […]
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 […]
