Buffett Dismisses Bitcoin but Bets on Crypto Fintech as Diamonds Gain Traction as New Investment Asset
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Warren Buffett remains skeptical of crypto investing, calling Bitcoin "rat poison squared" and comparing it to gambling.
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However, Buffett's firm Berkshire Hathaway has invested in the crypto-friendly Brazilian fintech Nu Holdings, which has been highly profitable.
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With only 1% of diamonds held as investments, they have potential to rival precious metals as assets if standardized like gold or stocks.
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Diamond Standard has introduced fungible diamond coins and bars, equalizing value within each issuance.
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As diamond standardization progresses, they are poised to increase in investment relevance and potential price surge if added to commodity indices.