RE: Daily Crypto Markets Live Blog: Bitcoin to $50,000? (08/16/21)

[taskmaster4450le]

• NuBank is looking to go public with a $2 billion IPO

This is a bank that is extremely crypto-friendly. It is also backed by Warren Buffett.

Interesting combination.

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Comments

[jfang003]

I don't understand Warren Buffet and why he would back the bank. Then again it might just be the fundamentals matching up with what he expected.

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[taskmaster4450le]

I dont know the bank but I am going to presume it is a very profitable bank. The fact that they are involved with cryptocurrency probably is only from the point of earning fees, something Buffett does understand.

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