Warren Buffett Invests 1 Billion USD In BTC-Friendly Nubank

Warren Buffett aka the “Oracle of Omaha” now has more firms in his portfolio that have direct/indirect exposure to BTC and similar digital assets.

Warren Buffett’s Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and expanded exposure in Nubank, the largest fintech bank in Brazil that’s also renowned among the nation’s BTC investors.

Buffett’s fresh investment into Nubank shows his acknowledgment of the fintech domain’s underlying theme, which is the digitization of financial services, as well as his inclination to associate with organizations that are involved in the digital asset sector.

In the meantime, Leah Wald, chief executive of digital-asset manager Valkyrie Investments, forecasted an increase in the capital flows into virtual currency-related investment vehicles, mentioning they have become a “phenomenon that’s starting to take off,” before commenting:

“If you look at inflows from a volume perspective, not only has it been steady even with the price corrections that Bitcoin is notoriously famous for, but you’re seeing a lot of institutions jump in.”

While Buffett might not invest in Bitcoin directly, he is already gaining indirect exposure as firms in his portfolio foray into the digital asset domain.