Holding of Warren Buffett began investing in FINTECH startups

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Headed an irreconcilable critic of bitcoin by Warren buffet’s holding Berkshire Hathaway first invested in FINTECH startups, according to The Wall Street Journal.

Before the famous conglomerate bought mainly “blue chip” American companies. However, according to the publication, over the last few months, about $600 million received two focusing on emerging markets FINTECH-companies — Brazilian payment service StoneCo Ltd. and FINTECH-startup Paytm from India.

He led the investment rounds of portfolio investors, Berkshire Hathaway’s Todd Combs and Ted Wechsler. According to Professor School of business Robert Smith David cash, ignore the pace of development Finance is already impossible, and Combs and Wechsler “enhance the prospects of Berkshire and opportunities for investors”

Earlier, Warren Buffett called bitcoin “rat poison in the box”, and also stated that the cryptocurrency is not an investment.

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