Buffett invests in Brazilian digital banking company
Warren Buffett reportedly invested in Nu Holdings, a relatively new Brazilian digital crypto-banking company with year-over-year growth of nearly 34%. The interest of the CEO of Berkshire Hathaway may have been sparked by this surreal growth, but it is also understandable that the market guru read all the volatility figures of this banking institution before investing his money.
Nu launched its own cryptocurrency platform in 2022 named Nubank Cripto, an investment asset that literally supported Bitcoin, Ethereum, and Polygon for a while. However, it has now pivoted a bit and focused on Uniswap and Chainlink, which serve as bridges for sending, receiving and converting cryptocurrencies.
FAQ:
Is Warren Buffett the CEO of Berkshire Hathaway?
Yes, Warren Buffett is the current boss of Berkshire Hathaway and one of its largest shareholders.
Does Warren Buffett invest in cryptocurrencies?
Warren Buffett reportedly invested in Nu Holdings, a relatively new Brazilian digital banking company, which deals in cryptocurrencies.
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