Warren Buffett’s ‘right-hand man’ says Bitcoin is “disgusting”

Charlie Munger, vice chairman of American holding company Berkshire Hathaway, lambasted Bitcoin during the firm’s annual shareholder meeting yesterday, calling it a “disgusting” financial product that was invented “out of thin air.” “Of course I hate the Bitcoin success,” said during a Q&A session, adding, “I don’t welcome a currency that’s so useful to kidnappers […]
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Andreessen Horowitz considers launching crypto-centric $1 billion venture fund

Silicon Valley venture capital giant Andreessen Horowitz (a16z) plans to launch a new $1 billion fund focused on investments in cryptocurrencies and blockchain startups, several knowledgeable sources told Financial Times yesterday.
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This venture capitalist’s $2.5 million investment in Coinbase turned into $4.6 billion

Eight years ago, Fred Wilson, a co-founder of New York-based venture capital firm Union Square Ventures, invested $2.5 million in then-unknown crypto exchange Coinbase—and that recently became the company’s most profitable exit, Bloomberg pointed out yesterday.
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Ripple (XRP) could reportedly IPO after the U.S. SEC case settles

Payments firm Ripple could reportedly go public soon after its ongoing case with the United States Securities and Exchange Commission (SEC) is settled, a report on Finance Feeds said today.  In December 2020, Ripple was charged with the unlawful sale of $1.3 billion worth of unregistered security, a case that continues till today.
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US bank BNY Mellon blames “no exposure to Bitcoin” for fund underperformance

US bank BNY Mellon says one of its technology-focused funds had underperformed the market because it wasn’t exposed to companies investing in Bitcoin, a filing from yesterday showed.
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Investor who predicted a $400,000 Bitcoin is now calling for a 50% drop

Scott Minerd, chief investment officer of famed investment firm Guggenheim Partners’, says Bitcoin (BTC) could see a 50% drop in the near term as it’s run ‘too far, too fast.’ He made the comments in an appearance on CNBC show Worldwide Exchange yesterday.
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