02-17-2022, 02:34 AM
No, Warren Buffet did NOT "invest $1 billion in crypto"
<!-- SC_OFF --><div class="md"><p>As <a href="https://np.reddit.com/r/CryptoCurrency/comments/su4gdu/buckle_up_warren_buffett_just_invested_1_billion/">posts like this</a> are being made (and upvoted!) here: no, he absolutely did not. In the <a href="https://fortune.com/2022/02/16/warren-buffett-invested-1-billion-crypto-bank/">article linked in that other post</a>, that has a misleading headline, it states:</p> <blockquote> <p>Specifically, his company Berkshire Hathaway has bought $1 billion worth of stock in a digital bank that focuses on crypto. Berkshire Hathaway made its crypto investment public with a SEC filing earlier this week. It revealed that Buffett’s company had purchased $1 billion in shares of Nubank, a digital bank based in Brazil, and the largest of its kind in Latin America. </p> </blockquote> <p>Okay, that's not him investing in crypto. But even that seems misleading. Go to the <a href="https://nubank.com.br/en/">website of Nubank</a>. On the front page, there is not a single mention of crypto. Sure, they might not be awerse to crypto and offer some products, but neither did he invest in Crypto, nor in a bank that has somehow made crypto its main business. His holding company has invested in a bank that maybe also does some crypto stuff. <strong>EDIT: okay, to spell it out for you: it really does not seem that that bank really has anything to do with crypto. It just seems like disinformation. If you have proof to the contrary and this is a crypto-focused bank - please, post a source!!</strong></p> <p>Don't share misleading stuff like that.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mic_droo"> /u/mic_droo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/su4w8i/no_warren_buffet_did_not_invest_1_billion_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/su4w8i/no_warren_buffet_did_not_invest_1_billion_in/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>As <a href="https://np.reddit.com/r/CryptoCurrency/comments/su4gdu/buckle_up_warren_buffett_just_invested_1_billion/">posts like this</a> are being made (and upvoted!) here: no, he absolutely did not. In the <a href="https://fortune.com/2022/02/16/warren-buffett-invested-1-billion-crypto-bank/">article linked in that other post</a>, that has a misleading headline, it states:</p> <blockquote> <p>Specifically, his company Berkshire Hathaway has bought $1 billion worth of stock in a digital bank that focuses on crypto. Berkshire Hathaway made its crypto investment public with a SEC filing earlier this week. It revealed that Buffett’s company had purchased $1 billion in shares of Nubank, a digital bank based in Brazil, and the largest of its kind in Latin America. </p> </blockquote> <p>Okay, that's not him investing in crypto. But even that seems misleading. Go to the <a href="https://nubank.com.br/en/">website of Nubank</a>. On the front page, there is not a single mention of crypto. Sure, they might not be awerse to crypto and offer some products, but neither did he invest in Crypto, nor in a bank that has somehow made crypto its main business. His holding company has invested in a bank that maybe also does some crypto stuff. <strong>EDIT: okay, to spell it out for you: it really does not seem that that bank really has anything to do with crypto. It just seems like disinformation. If you have proof to the contrary and this is a crypto-focused bank - please, post a source!!</strong></p> <p>Don't share misleading stuff like that.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mic_droo"> /u/mic_droo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/su4w8i/no_warren_buffet_did_not_invest_1_billion_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/su4w8i/no_warren_buffet_did_not_invest_1_billion_in/">[comments]</a></span>Kind Regards R