Warren buffett has for years talked down on Crypto, especially #Bitcoin.
However, Buffett's investment conglomerate - Berkshire Hathaway - has invested $600 million across two large Fintech firms ($300m each). On of the investments is in Indian firm, Paytm (the largest mobile-payments service in India).
The other investment was made in Brazillian StoneCo, Brazil's largest brokerage firm. Interestingly, the firm recently announced that it will launch Bitcoin and Ethereum exchanges in Brazil.
Both firms invested in are heavily involved in Blockchain technology and R&D. Both have investments in Bitcoin and other Cryptocurrencies. Both go against everything Warren Buffett once claimed about Crypto.
It is obvious that he has had a change of heart. However, many speculators suggest it was a game the entire time; play bearish on Crypto and Bitcoin whilst accumulate and build partnerships in the background.
Bullish news. Be happy.
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