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Investing Money in Crypto Company Nu Holdings Ltd, Berkshire Hathaway Earns Big Profits
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Investing Money in Crypto Company Nu Holdings Ltd, Berkshire Hathaway Earns Big Profits
Liputan6.com, Jakarta Many world billionaires, especially those who play in the capital markets sector, are skeptical about the new asset called crypto. Not only billionaires, many high-ranking financial institution officials and even state leaders still reject the existence of crypto.
One of the billionaires and also a top official at a large financial institution who still cannot accept crypto assets is Warren Buffett. This man is skeptical of Bitcoin and maintains his critical point of view towards cryptocurrencies.
However, it turns out that behind Warren Buffett's rejection of Bitcoin, his investment company, namely Berkshire Hathaway Inc, was actually able to reap financial benefits through investing in the Brazilian crypto fintech company Nu Holdings Ltd.
Quoted from from Yahoo Finance, Sunday (2/6/2024), Warren Buffett has openly criticized Bitcoin on various occasions. He called the crypto asset rat poison. However, apart from this criticism, Berkshire Hathaway has made significant profits through its ownership in Nu Holdings.
Initially investing USD 500 million or equivalent to IDR 8.1 trillion (assuming an exchange rate of IDR 16,235) in the Series G funding round and an additional USD 250 million or equivalent to IDR 4.05 trillion has produced results.
Nu Holdings, founded in 2013, launched the Nucripto platform in 2022, allowing users to trade more than 15 tokens. The company's performance has been impressive, with the market surging by 100% in 2023 and a 50% increase in early 2024.
The success of this investment has put Buffett in a difficult position, as the performance of Nu Holdings, which is up nearly 125% this year, stands in stark contrast to his negative stance on Bitcoin.
Meanwhile, Bitcoin itself had a great year in 2024, significantly outperforming indices like the S&P 500.
Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.
Investing Money in Crypto Company Nu Holdings Ltd, Berkshire Hathaway Earns Big Profits
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