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Warren Buffett’s Berkshire Hathaway has scored a 3,000%gain on its BYD financial investment. Here’s the story of its bet on the Chinese electric-vehicle company.

BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car launch. REUTERS/Jason Lee Warren Buffett's Berkshire Hathaway has scored a 30-fold gain on its BYD investment.It spent $232 million in 2008 for a stake worth $7.4 billion today.Here's the story of Berkshire's bet on the Chinese electric-vehicle company.Visit Business Insider's…

Chinese investors flocked to cryptocurrencies amid techwar

Traditional institutional investors once considered cryptocurrencies an investment for the bold or the stupid: a niche market with a bad reputation and high volatility. In 2017, J.P. Morgan CEO Jamie Dimon called Bitcoin a fraud.  In 2020, J.P. Morgan started offering banking services for cryptocurrencies and its analysts predicted Bitcoin’s price could hit $146,000 in…

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Warren Buffett’s Berkshire Hathaway has scored a 3,000%gain on its BYD financial investment. Here’s the story of its bet on the Chinese electric-vehicle company.

BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car launch. REUTERS/Jason Lee Warren Buffett's Berkshire Hathaway has scored a 30-fold gain on its BYD investment.It spent $232 million in 2008 for a stake worth $7.4 billion today.Here's the story of Berkshire's bet on the Chinese electric-vehicle company.Visit Business Insider's…

Chinese investors flocked to cryptocurrencies amid techwar

Traditional institutional investors once considered cryptocurrencies an investment for the bold or the stupid: a niche market with a bad reputation and high volatility. In 2017, J.P. Morgan CEO Jamie Dimon called Bitcoin a fraud.  In 2020, J.P. Morgan started offering banking services for cryptocurrencies and its analysts predicted Bitcoin’s price could hit $146,000 in…

The presence of institutional investors will help Africa’s crypto market mature – Luno Exchange

In 2020, payment companies raised the bar with bold innovations and products to help bridge financial inclusion and the bottlenecks in payment across developing countries. This is an indication that there are more potentials and opportunities in the space.In this interview with Nairametrics, Femi Oshinlaja COO, Cassava Fintech, disclosed that the company is also open…

$128 million worth of Bitcoin exchange hands, Bitcoin drops to $36,100

Cryptocurrency The leading altcoin was trading at $1,377 thus within striking distance of $1,400. Published 9 hours agoon January 19, 2021The world’s utility crypto is fired up on all cylinders on the basis it just ascended past its 2 years high.At the time of drafting this report, Ethereum traded at $1,415 with a daily trading…

Cancel your weekends– Bitcoin doesn’t rest, and neither can you

There have been several weekend and public holiday price surges recently that helped the cryptocurrency soarAuthor of the article:ReutersTom Wilson and Anna IrreraPublishing date:Jan 11, 2021  •   •  4 minute readThe increasing activity of bigger U.S. investors like hedge funds in the market has driven the Bitcoin rally and the shift to wild weekends. Photo…