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Years after calling Bitcoin 'rat poison', Warren Buffett Invests $1B in Brazilia...
source link: https://nextbigwhat.com/years-after-calling-bitcoin-rat-poison-berkshire-hathaway-invests-1b-in-brazilian-digital-bank-nubank-reduces-mastercard-visa-positions/
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Home Web 3 Years after calling Bitcoin ‘rat poison’, Warren Buffett Invests $1B in Brazilian Digital Bank Nubank, Reduces Mastercard, Visa Positions
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Years after calling Bitcoin ‘rat poison’, Warren Buffett Invests $1B in Brazilian Digital Bank Nubank, Reduces Mastercard, Visa Positions
- Berkshire Hathaway bought $1 billion in shares of Brazilian digital bank Nubank in the fourth quarter of 2021, according to a 13F filing with the Securities and Exchange Commission.
- In December, when Nubank went public, Berkshire Hathaway reportedly acquired 30 million shares for a total of $250 million.
- In the fourth quarter of 2021, Berkshire also sold 1.27 million shares of Visa and 302,000 shares of Mastercard.
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Cryptocurrencies akin to Ponzi schemes, Should be banned: RBI deputy governor
- Reserve Bank of India Deputy Governor T Rabi Sankar called for an outright ban on cryptocurrencies in the country.
- He further said that cryptocurrencies have specifically been developed to bypass the regulated financial system and it is akin to or even worse than Ponzi schemes.
“They threaten the financial sovereignty of a country and make it susceptible to strategic manipulation by private corporates creating these currencies or Governments that control them. All these factors lead to the conclusion that banning cryptocurrency is perhaps the most advisable choice open to India,” the RBI Deputy Governor added.
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