It's time to disavail yourself of the notion that Warren Buffett is just some nice old guy who made tons of money in the market because he's just the coolest old guy ever. Somehow, he's cultivated an image that he's not one of these soulless pinstriped Wall Street fatcats — the same image he's ported over to his BFF Bill Gates.
Just because Buffett didn't make his money sitting at a Wall Street desk doesn't mean he isn't exactly like those demons. He is exactly like them. Warren Buffett is just an older Jaime Dimon. The proof:
While Warren Buffett was telling you crypto is rat poison squared and somehow denouncing it as morally wrong (how can lines of code be immoral?), he is buying it. Yep, buying it.
In June, Berkshire Hathaway invested $500 million in Nubank, a Brazilian bank with a bitcoin ETF and substantial exposure to crypto. Oh yeah, at the same time, he was selling his stake in American banks while also telling you to invest in America. So that's like... a double cross of a double cross. Insidious. You can tell by this action that Buffett isn't into banks generally. He's into profitable banks, and the profitable banks are getting into crypto. And he knows that.
And he doesn't want you to know that until bitcoin hits like $150,000, so then he can make money selling you 0.001 BTC at a time with outrageous fees. If you already have your share now, buying it alongside him, he can't make money ETFing it to you.
The investment was made in June, so Buffett made the investment after he made his famous statement on crypto at his worthless annual conference. And you can't say that he didn't know the bank was into crypto heavily. The bank has an ETF, and I'm sure you don't get $500 million from Berkshire without revealing all of your revenue streams.
Aside from habitually lying about his investing habits to the public, Buffett is also the same guy who changed housing laws to sell shittily made houses to poor people decades ago. Yeeeaaaaahhhhh, that's how he got the fuckin $500 million to invest in crypto that he tells you not to invest in, by the way.
Just letting you know. We're still looking for lower highs in BTC around the $52.5k mark, and I'm not fully bullish until that level flips into support. So buy smart.
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