Its interesting to see that Warren Buffet of Berkshire is starting warm up to companies that are on the forefront metaverse and now with Nu Bank which is a bitcoin friendly fintech. For those that don’t know Warren Buffet; he is consider by many as one of the greatest investor, earning his entire net worth on investing alone. He is known to be critical of bitcoin especially his business partner Charlie Munger.
Based on Berkshire’s recent 13F filings, Warren Buffett bought shares in ATVI and Brazilian Fintech Company Nu Bank during Q4 of 2021. What is striking is that at the same time he decrease his positions in Visa and Mastercard, although to be fair its still a large portions of his portfolio.
TLDR: the legendary Warren Buffet made a surprise move by purchasing Activision right before the Microsoft acquisition ( most likely to increase their exposure to metaverse) and a fintech known as Nu Bank.
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**edit: it took Berkshire until 2018 to finally invest in apple and when they did they went BIG; right now is one of their biggest gainers, netting over 160 Billion.**
Would be great for adoption if a long term crypto sceptic becomes a convert !
I won’t hold my breath though
#fingerscrossed
This is how you invest in crypto without investing in crypto
BIG if true
I think crypto is the way they are going to take.
Of he becomes pro crypto, it’s over for bears.
He probably told some paper pusher to buy it like he did his Apple stock. Dudes a good trader but doesn’t know jack shit about technology
From calling it Rat Poison to potentially embracing Crypto!
**Welcome aboard Warren!**
This is actually a big deal since Berkshire is considered by many as the old school – buy the blue chip company. What is amazing is that after all these years this company is still having one of the highest ROI among the heavy weights.
>Berkshire buys Activision Blizzard right before the Microsoft acquisition
Probably is mostly to do with all of the fairly recent controversy surrounding Activision Blizzard, controversy = stock go down temporarily, good time to jump on.
well, hopefully – seems to be one for recognising potential of something before it truly hits big (at least capitalising when something is undervalued)
If he come on board, good for him. If he does not, no problem for us. It survived without him and will continue without him.
Whats interesting about berkshire is that it generally takes them a very long time to warm up to tech but when they do, they go big, just look at apple. Took them years and finally woke up and started buying, profit is now at 160 B
I would be a investment legend too if papa gave me pockets full of moneys and was a politician that had the inside scoop.
Buffet making buys like this is great and it is still the early days of Crypto.
This is so blown out of proportion
Can’t wait for WarrenCoin