Buffett Profits from Crypto Through Nubank Despite Criticizing Bitcoin

Warren Buffett has criticized bitcoin and crypto but Berkshire Hathaway is profiting from crypto-friendly startup Nubank.

Nubank allows users to trade bitcoin and other cryptocurrencies and launched its own cryptocurrency called nucoin.

Berkshire Hathaway invested $500M in Nubank in 2021 and added $250M more during its IPO.

Nubank stock is up over 100% in 2022, outperforming other Berkshire holdings like Apple and Amazon.

Despite profits from crypto-linked Nubank, Buffett has called bitcoin "rat poison squared" and a "gambling token."