巴菲特的加密貨幣矛盾：比特幣懷疑論與利潤豐厚的 Nu Holdings 投資並存

儘管華倫巴菲特一貫反對比特幣，但他的公司伯克希爾哈撒韋公司還是對 Nu Holdings 進行了大量投資，這是一家提供加密貨幣交易服務的巴西金融科技公司。事實證明，這項投資是有利可圖的，近年來 Nu 的表現優於許多主要指數。隨著比特幣的復甦引起關注，波克夏海瑟威是否會重新考慮巴菲特對加密貨幣的負面看法並可能直接投資這些資產，還有待觀察。

Warren Buffett's Crypto Contradiction: Berkshire Hathaway's Lucrative Liaison with Bitcoin-Adjacent Investments

華倫·巴菲特的加密貨幣矛盾：波克夏·哈撒韋公司與比特幣相關投資的利潤豐厚的聯繫

Amidst the clamoring chorus of asset managers and investors embracing the allure of cryptocurrencies, particularly Bitcoin, a formidable figure remains steadfast in his skepticism: legendary investor Warren Buffett. Renowned for his unwavering strategy of investing in robust companies that generate consistent cash flow and value, Buffett's philosophy has steered Berkshire Hathaway Inc. through market gyrations with remarkable resilience.

在資產管理者和投資者紛紛擁抱加密貨幣（尤其是比特幣）的誘惑中，有一個令人敬畏的人物仍然堅定地持懷疑態度：傳奇投資者沃倫·巴菲特。巴菲特以其堅定不移的投資於能夠產生持續現金流和價值的穩健公司的策略而聞名，他的理念引導波克夏海瑟威以非凡的韌性度過了市場波動。

In a 2018 interview with Yahoo! Finance, Buffett unequivocally expressed his anti-Bitcoin stance, stating, "If you buy something like Bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more." Doubling down on his skepticism at the 2022 Berkshire shareholders meeting, Buffett asserted, "If you told me you own all of the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything."

2018 年接受雅虎訪問時在金融方面，巴菲特明確表達了他的反比特幣立場，他表示：「如果你購買比特幣或某種加密貨幣之類的東西，那麼你實際上並沒有擁有任何能產生任何東西的東西。你只是希望下一個人支付更多。”巴菲特在2022 年伯克希爾股東大會上更加堅定了自己的懷疑態度，他斷言：「如果你告訴我你擁有世界上所有的比特幣，並以25 美元的價格給我，我不會接受，因為我會用它做什麼？” “它？我必須以某種方式把它賣回給你。它不會有任何作用。”

Despite Buffett's persistent antipathy towards Bitcoin and cryptocurrencies, a curious dichotomy has emerged within Berkshire Hathaway's investment portfolio. The conglomerate holds a substantial investment in Brazilian fintech Nu Holdings Ltd., whose crypto-related business has been a significant contributor to its recent financial success.

儘管巴菲特一直反感比特幣和加密貨幣，但波克夏海瑟威的投資組合中出現了一種奇怪的二分法。該集團對巴西金融科技 Nu Holdings Ltd. 進行了大量投資，該公司的加密相關業務對其近期的財務成功做出了重要貢獻。

Established in 2013, Nu initially gained prominence by offering low-cost bank accounts and personal loans through a highly digitized platform. In 2022, the company expanded its offerings with the launch of Nucripto, a platform that enables users to trade over 15 cryptocurrencies. While Nu's crypto business represents a relatively small fraction of its overall revenue, it has nonetheless attracted a growing customer base and even spawned the company's own cryptocurrency, Nucoin.

Nu 成立於 2013 年，最初透過高度數位化的平台提供低成本銀行帳戶和個人貸款而聲名鵲起。 2022 年，該公司推出了 Nucripto，擴大了產品範圍，該平台使用戶能夠交易超過 15 種加密貨幣。儘管 Nu 的加密業務僅佔其總收入的一小部分，但它仍然吸引了不斷增長的客戶群，甚至催生了該公司自己的加密貨幣 Nucoin。

Buffett's initial investment of $500 million in Nu Holdings through a series G funding round prior to its December 2021 public offering has been followed by an additional $250 million stake acquisition, bringing his total investment to $750 million. This investment has proven highly lucrative, with Nu's stock surging nearly 50% in 2024 alone, reaching all-time highs. The company's impressive performance in 2023, with a stock price increase of approximately 100%, further underscores the profitability of this investment.

巴菲特在 Nu Holdings 於 2021 年 12 月公開發行之前透過 G 輪融資對 Nu Holdings 進行了 5 億美元的初始投資，隨後又追加了 2.5 億美元的股權收購，使他的總投資達到 7.5 億美元。事實證明，這項投資利潤豐厚，Nu 的股價在 2024 年就飆升了近 50%，達到歷史新高。該公司2023年業績亮眼，股價漲幅約100%，進一步凸顯了此項投資的獲利能力。

The substantial gains from Berkshire Hathaway's investment in Nu Holdings could potentially sway Buffett's stance on cryptocurrencies. The undeniable profits generated by a crypto-related business may prompt the renowned investor to reconsider his strategy and attitude towards Bitcoin and its ilk. Notably, Bitcoin has significantly outperformed major indices in 2024, with a nearly 70% gain, far surpassing the S&P 500's modest 10% rise.

波克夏對 Nu Holdings 的投資帶來的巨額收益可能會動搖巴菲特對加密貨幣的立場。加密相關業務產生的不可否認的利潤可能會促使這位著名投資者重新考慮他對比特幣及其同類產品的策略和態度。值得注意的是，比特幣在 2024 年的表現明顯優於主要指數，漲幅接近 70%，遠超過標準普爾 500 指數 10% 的小幅漲幅。

As Bitcoin and cryptocurrencies regain the spotlight, the world keenly observes Berkshire Hathaway and Buffett's next move. Will they double down on their investment in Bitcoin-adjacent businesses or even venture into direct investments in cryptocurrencies themselves? The implications of Buffett's evolving stance on cryptocurrencies could profoundly impact the trajectory of the asset class and the broader financial landscape.

隨著比特幣和加密貨幣重新成為人們關注的焦點，全世界都在密切關注伯克希爾哈撒韋和巴菲特的下一步。他們會加倍增加對比特幣相關業務的投資，甚至冒險直接投資加密貨幣本身嗎？巴菲特對加密貨幣不斷變化的立場可能會深刻影響該資產類別的軌跡和更廣泛的金融格局。