Buffett's Growing Ties to Crypto World Highlight Blurring Lines Between Traditional Finance and Digital Assets
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Warren Buffett invested $750 million in Nubank, a digital bank that facilitates crypto trading, inadvertently associating him with crypto.
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Nubank's stock has surged over 100% this year, outperforming other major Berkshire holdings like Apple and Amazon.
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Buffett's stance on Bitcoin remains unchanged, having called it "rat poison," but his investment in crypto-friendly Nubank highlights evolving investor dynamics.
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Other veteran investors like Paul Tudor Jones now recommend larger crypto allocation in portfolios given economic uncertainty.
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Though critical of crypto, Buffett's thriving Nubank investment shows traditional finance and crypto are finding common ground.