Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps | Crypto World Analysis

Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks

Warren Buffett's Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that's also popular among the country's Bitcoin investors.

Emily Portney, chief financial officer at Bank of New York Mellon Corp. - another firm in Buffett's investment portfolio, noted that digital assets could become a "Meaningful source of revenue" for investment banking firms in the future as Bitcoin investment vehicles become more mainstream.

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