Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway.
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Category: Berkshire Hathaway
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Charlie Munger: Everybody Should Avoid Crypto ‘as if It Were an Open Sewer, Full of Malicious Organisms’
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has a message for investors considering cryptocurrency. “Never touch it,” he stressed, adding that everyone should follow his example and avoid crypto “as if it were an open sewer, full of malicious organisms.” Charlie Munger Reaffirms His Anti-Crypto Stance Charlie Munger, Warren Buffett’s right-hand man […]Powered by WPeMatico
Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet
Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open new accounts or transfer money.” Nubank Now Offers In-App Crypto Trading […]Powered by WPeMatico
Warren Buffett Won’t Pay $25 for All Bitcoin in the World — Charlie Munger Calls BTC ‘Stupid and Evil’
Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and Charlie Munger talked […]Powered by WPeMatico
JPMorgan CEO Jamie Dimon Skeptical of Crypto but Says ‘Not All of It Is Bad’
Jamie Dimon, the CEO of JPMorgan Chase, says that he does not particularly like crypto but will defend your right to invest in it. However, he sees benefits in some aspects of digital currency. JPMorgan’s Jamie Dimon on Crypto, Digital Currency JPMorgan Chase CEO Jamie Dimon talked about cryptocurrency in an interview with KMTV 3 […]Powered by WPeMatico
US Treasury Yield Curve Highlights Recession Signals, Analyst Thinks Fallout Will Be ’10x Worse Than the Great Depression’
Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker growth.” While Wall Street Fears […]Powered by WPeMatico
Crypto is like ‘venereal disease’ and should be banned: Charlie Munger
Comments made by Warren Buffet’s right-hand man and vice chairman of Berkshire Hathaway have gone viral for their imaginative depiction of cryptocurrency.
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Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks
The “Oracle of Omaha” now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
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Berkshire’s Charlie Munger Praises China for Banning Crypto — Wishes Crypto Had Never Been Invented
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says China did the right thing to “ban” cryptocurrencies, including bitcoin. He wishes that cryptocurrencies had never been invented, emphasizing that he will not participate in the crypto boom. He considers “this era even crazier than the dot-com era.” Warren Buffett’s Right Hand Man, Charlie […]Powered by WPeMatico
Crypto community responds to Charlie Munger yelling at Bitcoin again
The Berkshire Hathaway vice-chair compares crypto to the dot-com era, blames crypto projects for selfishness.
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