Warren Buffett, Jamie Dimon Bet Hard in Crypto After Years of Denial

Warren Buffett, Jamie Dimon Bet Hard in Crypto After Years of Denial
  • Warren Buffett has invested in Bitcoin-friendly Nubank.
  • Jamie Dimon’s J.P. Morgan set up shop inside Decentraland.
  • Both of these financial leaders were early crypto critics.

Cryptocurrencies like Bitcoin have had so many detractors back in the day. This was partly due to its newness; people were comfortable with the things as they were. However, the surge of crypto adoption among many personalities, authorities, and organizations has turned the tables.

Among these are none other than Warren Buffett and Jamie Dimon. 

Dubbed the Oracle of Omaha, Buffett is renowned for his razor-sharp investing insight. Just recently, he invested in a couple of companies that dabble with crypto. For instance, he invested in Nubank, one of the largest fintech banks in Brazil that maintains a Bitcoin-friendly stance.

Many should note that Buffett is none other than the one who called Bitcoin “rat poison squared”. With his recent dumping of Visa and Mastercard shares late last year, people are now wondering if he has indeed disowned his previous views on crypto.

Meanwhile, Jamie Dimon repeatedly called Bitcoin “worthless”. He was a popular critic who often made headlines for his critical view of crypto. However, J.P. Morgan, the financial giant where he is CEO, just established its own virtual lounge at the Decentraland metaverse.

As the tweet pointed out, the cherry on top is that the virtual office has a photo of Dimon on one of its walls.

Now with Buffett and Dimon starting to soften on crypto, the only loud critic that has yet to make his conversion is gold promoter Peter Schiff. Only time will tell whether Schiff will come around or now. As of now, the detractors are becoming lesser and lesser. 

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