Posted 2/23/2024, 12:10:00 PM
Buffett's Berkshire Invests $1B in Latin America's Crypto-Friendly Digital Bank Nubank
- Warren Buffett dislikes Bitcoin but Berkshire Hathaway has invested $1 billion in Nu Holdings (Nubank), a digital bank exposed to crypto
- Nubank took the Latin American banking industry by storm by offering low-cost financial products
- Over half of Brazil's adult population are now Nubank customers
- Nubank launched a crypto trading platform Nucripto in 2022 which already has over 1 million active users
- As a fast-growing digital bank, Nubank has qualities of a classic Buffett stock despite its crypto exposure