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Has Warren Buffet taken aback from previous dissention for Crypto and Fintech space with $600 million investments?

Legendary investor Mr. Warren Buffet had constantly bashed on Bitcoin last year and stated that he would never invest in cryptocurrencies as he seemed certain about the cryptocurrencies would come to a bad end and also called rat poison.

On the contrary, back in last July, an anonymous crypto-asset bull from Australia has raised a betting of millions of dollars on the prospects of Bitcoin to surpass the Warren Buffet-headed, Berkshire Hathaway by 2023. 

We recollect that Aussie anonymous punter had made this AUD$8.5 million on the trust that bitcoin price that will spike beyond the share price of Berkshire Hathaway Class A shares — which are currently trading at more than US$280,000 above BTC.

As time progressed, as saying goes, “nothing is constant in this universe except change”, the legendary investor, Warren Buffett, for now, seems to be interested in investing into FinTech space. 

Well, the multinational million dollar worth conglomerate, Berkshire Hathaway, is reportedly to have invested about $600 million in two FinTech firms focused on EMs, as per the Wall Street Journal (WSJ) reports.

Berkshire Hathaway, with the cognizant guidance of Oracle of Omaha appears to have invested in India’s largest payments platform company, ‘Paytm’ and has paid for IPOs in Brazilian payments company ‘StoneCo’ with an investment of $300 millionin each company. 

Currency Strength Index: FxWirePro's hourly BTC is flashing -118 (bearish), hourly USD spot index was at 37 (mildly bullish) while articulating at (06:20 GMT). For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex

By Niranjan Patil
  • Market Data
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