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The Bitcoin Mining Company Invested By Buffett Is Actually A Gold Company

Tracy CHEN

Summary: According to Chinese media Wu's Blockchain Analysis (Wu Shuo Blockchain), the tweet of "Warren Buffett is going to invest in Bitcoin Mining next" was released. But actually Buffett's Berkshire Hathaway just sold its 26% shares in Wells Fargo Bank on August 14 and holds certain shares of JPMorgan.  Berkshire Hathaway purchased nearly 21 million shares ...

According to Chinese media Wu's Blockchain Analysis (Wu Shuo Blockchain), the tweet of "Warren Buffett is going to invest in Bitcoin Mining next" was released. But actually Buffett's Berkshire Hathaway just sold its 26% shares in Wells Fargo Bank on August 14 and holds certain shares of JPMorgan. 

Berkshire Hathaway purchased nearly 21 million shares of Barrick Gold. It should be noted that there is no evidence that Barrick Gold will enter the Bitcoin mining industry. But this seems to represent a change in Buffett's investment direction, because in Buffett's past views, gold and Bitcoin are similar things.

Tracy Chen

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