Warren Buffett Holding started investing in fintech startups | VOP TODAY NEWS
File ForbesUNITED STATES (VOP TODAY NEWS) – Berkshire Hathaway, headed by bitcoin’s implacable bitcoin critic Warren Buffett, first invested in FINTECH start-ups, The Wall Street Journal reports.
Previously, the famous conglomerate bought mostly “blue chips” of American companies. However, according to the publication, over the past few months, about $ 600 million have been received by two financial companies specializing in emerging markets – Brazilian payment service StoneCo Ltd. and FINTECH Startup Paytm from India.
Led investment rounds portfolio investors Berkshire Hathaway Todd Combs and Ted Wexler. According to David Smith Kass, a professor at the Robert Smith School of Business, it is no longer possible to ignore the pace of development of Fintech, and Combs and Wexler “expand Berkshire’s prospects and opportunities for the company’s investors.”
Earlier, Warren Buffett called Bitcoin “rat poison squared,” and also stated that the purchase of cryptocurrency is not an investment.
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