Warren Buffet Invests $500M In Crypto-Friendly Digital Bank, Nubank

pEvery time a new billionaire buys Bitcoin we tend to reserve a section in the Newsletter for the newest BillionaireturnedBitcoiner While the most prolific investor of all time has not quite taken the plunge yet his latest investment was certainly a step in the right direction Last week Berkshire Hathaway CEO Warren Buffet finalized anbspa hrefhttpswwwforbescomsitesangelicamarideoliveirawarrenbuffettsberkshirehathwayinvestsmillioninbrazilianchallengernubankshcabe targetblankM series Gnbspainvestment into the Brazilian proBitcoin digital bank Nubank Nubank says it will offer bitcoin investments following its acquisition of brokerage firm Easynvest which offers the trading of Brazilrsquos first bitcoin exchangetraded fund ETFppFounded in nbspa hrefhttpsnubankcombren targetblankNubankanbspsays it has million customers making it the largest digital bank in the world in terms of the number of clients With the new investments Nubank has become ldquothe most valuable digital bank in the world and one of the largest financial institutions in Latin Americardquo the announcement details Nubank said Tuesday that it plans to use the money raised to fund its international expansion to Mexico and Colombia launch new products and services and hire more employees The postmoney valuation of Nubank is estimated at billionppnbspppstrongIs Warren Changing His Mind On CryptostrongppFor as long as he has been around Warren Buffet has been a value investor He finds companies with strong cash flows that he thinks are undervalued and invests big into them For this reason Bitcoin doesnt fit nicely into his investment thesis because it is not a company does not earn cash flow and does not have a CEO to bet on However given the meteoric rise of Bitcoin as a store of value I dont think it will be long before we see Warren holding a percentage of his funds in Bitcoin as opposed to dollarsp