'Rat poison squared' Bitcoin is outperforming crypto-exposure stocks once again.
) and Cathie Wood's Coinbase investment are finally outperforming Warren Buffett's popular"crypto bet" in Brazil's fintech giant Nubank .As of March 17, Bitcoin's price is up nearly 55% year-to-date . In comparison, Nubank has risen by only 26%. Meanwhile, another crypto-exposure asset, namelyBTC/USD and COIN versus NU yearly performance. Source: TradingViewAs of March 17, NU is down 38% year-over-year compared to COIN's 61.
“This move reinforces the company’s conviction in Bitcoin’s current and future potential in disrupting financial services in the region,” Nubank said at the time. But despite Nubank's crypto exposure and NU's price decline, Buffett has not sold a single share, according to Berkshire's latestThe decision to keep holding NU through a rough market likely coincides with Nubank's growth in the Latin American banking sector.a solid 2022 with 140% year-on-year growth in revenue and a 38% year-over-year rise in active customers.with its 57% drop in year-over-year revenue.
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