CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
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We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
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That’s not some weird crypto hater saying that.
That is the Oracle of Omaha, Warren Buffett, an investing god and a vocal critic of cryptocurrencies.
He is worth $133B.
So yea, people do listen to what he has to say.
While he isn’t standing on the roof and screaming for us to boycott BTC, he has made his stance abundantly clear over the years.
“Cryptocurrencies basically have no value and they don’t produce anything. They don’t reproduce, they can’t mail you a check, they can’t do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person’s got the problem. In terms of value: zero.” — CNBC, February 2020
Now BTC is way past its all time highs and sitting at nearly $1.4 trillion market cap.
Well, its 2024 and it seems like he inadvertently reaping a windfall from a crypto-friendly investment.
In 2023, Berkshire Hathaway, the conglomerate he chairs, saw a 93% gain from its investment in Brazilian fintech Nu Holdings Ltd., owner of Nubank, which dabbles in cryptocurrency.
Buffett, famed for his investment acumen and traditional approach, has dissed BTC numerous times.
Yet, Nu Holdings, a neobank offering not just traditional banking but also crypto trading, became Berkshire Hathaway’s top performer in 2023.
It’s akin to a staunch vegetarian inadvertently investing in a successful steakhouse.
Anything wrong, nope.
But it is a little hypocritical and funny.
Buffett’s foray into Nu Holdings began in 2021 with a $500 million investment, later doubling down with another half a billion.
For those who don’t know.
For any investor to double down on a particular bet they made, they not only have to be tremendously confident, but they also must have seen new data and evidence that the bet will most likely go up even higher than they originally expected.
Maybe Buffett saw something in Nu?
His investment philosophy, typically focused on assets with intrinsic, tangible value, seems at odds with the volatile and intangible nature of cryptocurrencies.
Yet, the Brazilian market’s open arms to crypto and Nu Holdings’ stellar performance have perhaps presented an unexpected case for digital currencies’ potential.
This development is particularly intriguing given the backdrop of a challenging year for other Berkshire Hathaway investments.
While Apple, its largest holding, gained 39%, it paled in comparison to Nubank’s 93% surge. Other stalwarts in Buffett’s portfolio, like Coca-Cola, Bank of America, and Kraft Heinz, faced losses.
Could this success mark a turning point in Buffett’s stance on crypto?
While he has not directly invested in Bitcoin or other digital currencies, the outsized returns from a crypto-affiliated company might prompt a reevaluation.
After all, Bitcoin itself surged by more than 150% in 2023, outperforming every traditional investment in Berkshire’s portfolio.
The investment landscape is continually evolving, with digital assets becoming increasingly hard to ignore, even for the most traditional investors.
No, it does not dissolve or dilute any of Buffett’s principles of value investing.
You can diversify your portfolio, even into crypto, if there is value and strong evidence.
The crypto world is gaining ground, even in the portfolios of its staunchest critics.
The question now is, who isn’t keen on diversifying into crypto now?
-
Was Warren Buffett smart to ignore crypto investments?
-
#WarrenBuffett #BerkshireHathaway #NuHoldings #CryptoInvestment #Bitcoin #DigitalCurrency #InvestmentStrategy #Fintech #Nubank #ValueInvesting #MarketTrends #BuffettOnCrypto #TraditionalFinance #CryptoMarket #InvestmentIrony #FinancialGrowth #StockMarket #InvestorMindset #CryptoSuccess #FinancialEvolution #EconomicShifts #MarketDynamics #InvestmentParadox #CryptocurrencyDebate
That’s not some weird crypto hater saying that.
That is the Oracle of Omaha, Warren Buffett, an investing god and a vocal critic of cryptocurrencies.
He is worth $133B.
So yea, people do listen to what he has to say.
While he isn’t standing on the roof and screaming for us to boycott BTC, he has made his stance abundantly clear over the years.
“Cryptocurrencies basically have no value and they don’t produce anything. They don’t reproduce, they can’t mail you a check, they can’t do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person’s got the problem. In terms of value: zero.” — CNBC, February 2020
Now BTC is way past its all time highs and sitting at nearly $1.4 trillion market cap.
Well, its 2024 and it seems like he inadvertently reaping a windfall from a crypto-friendly investment.
In 2023, Berkshire Hathaway, the conglomerate he chairs, saw a 93% gain from its investment in Brazilian fintech Nu Holdings Ltd., owner of Nubank, which dabbles in cryptocurrency.
Buffett, famed for his investment acumen and traditional approach, has dissed BTC numerous times.
Yet, Nu Holdings, a neobank offering not just traditional banking but also crypto trading, became Berkshire Hathaway’s top performer in 2023.
It’s akin to a staunch vegetarian inadvertently investing in a successful steakhouse.
Anything wrong, nope.
But it is a little hypocritical and funny.
Buffett’s foray into Nu Holdings began in 2021 with a $500 million investment, later doubling down with another half a billion.
For those who don’t know.
For any investor to double down on a particular bet they made, they not only have to be tremendously confident, but they also must have seen new data and evidence that the bet will most likely go up even higher than they originally expected.
Maybe Buffett saw something in Nu?
His investment philosophy, typically focused on assets with intrinsic, tangible value, seems at odds with the volatile and intangible nature of cryptocurrencies.
Yet, the Brazilian market’s open arms to crypto and Nu Holdings’ stellar performance have perhaps presented an unexpected case for digital currencies’ potential.
This development is particularly intriguing given the backdrop of a challenging year for other Berkshire Hathaway investments.
While Apple, its largest holding, gained 39%, it paled in comparison to Nubank’s 93% surge. Other stalwarts in Buffett’s portfolio, like Coca-Cola, Bank of America, and Kraft Heinz, faced losses.
Could this success mark a turning point in Buffett’s stance on crypto?
While he has not directly invested in Bitcoin or other digital currencies, the outsized returns from a crypto-affiliated company might prompt a reevaluation.
After all, Bitcoin itself surged by more than 150% in 2023, outperforming every traditional investment in Berkshire’s portfolio.
The investment landscape is continually evolving, with digital assets becoming increasingly hard to ignore, even for the most traditional investors.
No, it does not dissolve or dilute any of Buffett’s principles of value investing.
You can diversify your portfolio, even into crypto, if there is value and strong evidence.
The crypto world is gaining ground, even in the portfolios of its staunchest critics.
The question now is, who isn’t keen on diversifying into crypto now?
-
Was Warren Buffett smart to ignore crypto investments?
-
#WarrenBuffett #BerkshireHathaway #NuHoldings #CryptoInvestment #Bitcoin #DigitalCurrency #InvestmentStrategy #Fintech #Nubank #ValueInvesting #MarketTrends #BuffettOnCrypto #TraditionalFinance #CryptoMarket #InvestmentIrony #FinancialGrowth #StockMarket #InvestorMindset #CryptoSuccess #FinancialEvolution #EconomicShifts #MarketDynamics #InvestmentParadox #CryptocurrencyDebate
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