Headed by bitcoin's implacable bitcoin critic Warren Buffet, the holding has invested in fintech and blockchain startups for the first time, 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 – the Brazilian payment service and the blockchain-startup from India .
The investment rounds were led by the holding's portfolio investors, Todd Combs and Ted Wexler. According to the professor of the Robert Smith Kass School of Business, it is already impossible to ignore the pace of development of Fintech, and Combs and Wexler "expand the prospects and opportunities for investors of the company
Earlier, Warren Buffett called Bitcoin “rat poison squared,” and also stated that the purchase of cryptocurrency is not an investment.
Site source: https://forklog.com
Article translated and published: Leonid Shchekutev, analyst at Freedman Club Crypto News
