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5 Cryptos Held by World Liberty Financial and Goldman Sachs Increases Bitcoin Investment by 90%
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Crypto News - Posted on 09 March 2024 Reading time 5 minutes
DIGIVESTASI - Warren Buffett has admitted that he won't buy Bitcoin even if the price drops to $25. He even called Bitcoin "rat poison". Warren Buffett's wealth is known to reach $132.86 billion or approximately Rp2,068 trillion as of March 5, 2024.
For a long time, Bill Gates' friends did not believe in cryptocurrencies. As quoted by Benzinga, he often criticized the cryptocurrency sector. "When it comes to cryptocurrencies in general, I can say with certainty that they will end badly," Buffett said in January 2018.
Buffett then returned to discussing cryptocurrencies at Berkshire Hathaway's 2022 annual shareholder meeting. "If you had all the Bitcoin in the world and offered it to me for $25, I wouldn't take it, because what would you do with it?" Buffett said. Buffett said, ``There's no point in you doing that. .''
However, Buffett seems to have recently started softening his stance on cryptocurrencies. Berkshire Hathaway has bought a stake in crypto-focused bank NuBank for $1 billion.
Nubank is a type of bank that operates outside the rules of the traditional banking system. NuInvest, the investment arm of the digital bank, allows users to invest money in Bitcoin exchange-traded funds.
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Source: detik.com
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