No, Warren Buffet did NOT “invest $1 billion in crypto”

As [posts like this]( are being made (and upvoted!) here: no, he absolutely did not. In the [article linked in that other post]( that has a misleading headline, it states:

>Specifically, his company Berkshire Hathaway has bought $1 billion worth of stock in a digital bank that focuses on crypto. Berkshire Hathaway made its crypto investment public with a SEC filing earlier this week. It revealed that Buffett’s company had purchased $1 billion in shares of Nubank, a digital bank based in Brazil, and the largest of its kind in Latin America.

Okay, that’s not him investing in crypto. But even that seems misleading. Go to the [website of Nubank]( On the front page, there is not a single mention of crypto. Sure, they might not be awerse to crypto and offer some products, but neither did he invest in Crypto, nor in a bank that has somehow made crypto its main business. His holding company has invested in a bank that maybe also does some crypto stuff. **EDIT: okay, to spell it out for you: it really does not seem that that bank really has anything to do with crypto. It just seems like disinformation. If you have proof to the contrary and this is a crypto-focused bank – please, post a source!!**

Don’t share misleading stuff like that.

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44 thoughts on “No, Warren Buffet did NOT “invest $1 billion in crypto””

  1. Im from Brazil.

    saying that Nubank is focused on crypto is not accurate at all. its one of the 2 major digital banks in Brazil,and it never allowed/promoted anything related to it

    Reply
  2. I swear there’s not a subreddit like this one, where any upvoted post is then explained to be wrong 5 hours later. It’s bizarre, like it’s populated by two different groups.

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  3. This is the whole reason I should probably leave this sub. Cannot trust a thing here. Raises more questions than answers. I’m convinced people will make an article that is the direct opposite of the truth, just because it will draw as much, if not more, attention than the factual news.

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  4. After quite a bit of research, here is the actual connection between Nubank and crypto: Nubank has aquired the Brazil based stock broker Easynvest, which offers a bitcoin ETF called QBTC11 by QR Asset Management. This makes Nubank more crypto friendly than any US bank since the SEC has yet to approve any bitcoin ETFs in the US. But to say that Buffet invested 1 billion in crypto is just a straight up lie.

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  5. There is always a over hyped and upvoted post on the front page and immediately the next day, thanks to people doing their due diligence, we get the actual truth. It’s always a fun read.

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  6. Pump it to dump it. It was pretty big when he first invested in last year before they went public. He prob got in for so cheap, the 1 bullion is nothing.

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  7. Original post was clickbait, and most people in the comments quickly jumped onto that.

    I love how this community always strives to get to factual answers.

    Reply
  8. Him and Mongrel won’t ever buy crypto. The say we only want to get rich and not benefit civilization. I say what the fuck have they done. They arnt innovative they buy people who are and make money off them. Can’t wait for old money to die to make way for actual growth and change

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  9. Step 1: invest 1B in some digital bank that no one has heard of.

    Step 2: pay news outlets to run a story about “BuFFeTt iN On cRYpTo” getting a bunch of eyes and ears on this bank.

    Step 3: ???

    Step4: Profit

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  10. I 100% disagree with you! This essentially is an indirect investment into the crypto space by purchasing shares of Nubank.

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  11. It’s called exposure. He hasn’t directly bought crypto but he invested in a company that invests in crypto. He has exposure to crypto.

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  12. A person who compared crypto to rat poison is now investing into a bank thay focuses mainly on “rat poison”
    In a country that is trying to build on that “rat poison”. You’re right it’s an indirect investment but it’s only a matter of time before he has bitcoin in his portfolio…oh and thay person is a legend in his field…

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  13. Specifically, his company Berkshire Hathaway has bought $1 billion worth of stock in a digital bank that focuses on crypto.

    Berkshire Hathaway made its crypto investment public with a SEC filing earlier this week. It revealed that Buffett’s company had purchased $1 billion in shares of Nubank, a digital bank based in Brazil, and the largest of its kind in Latin America.

    Nubank is a so-called neobank, a type of bank that operates outside of the rules of the traditional banking system. Unlike most banks, Nubank welcomes cryptocurrency and even offers products such as Bitcoin exchange-traded funds (ETFs).

    Reply

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