Warren Buffett's Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason?

Warren Buffett's Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason? 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

As Berkshire Hathaway finishes out Q2 2019, its top 10 performing stocks were dominated by fintech companies that are making innovations in digital payments. Warren Buffett may have bitcoin and crypto to thank. They may be what’s keeping Berkshire buoyant despite the $3 billion Kraft Heinz writedown in Q1. That resulted in a $4.3 billion stock crash. Worse, Berkshire took heavy damage in May losses from the global equities rout on trade-war and recession fears. Berkshire Hathaway, the largest stockholder in Kraft Heinz took a spill in February after the…

Your Old Baseball Cards Are a Better Store of Value Than Bitcoin

Your Old Baseball Cards Are a Better Store of Value Than Bitcoin 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

One of the primary arguments in favor of bitcoin is that it is a “store of value.” It makes sense on the surface, but when one digs into the meat of this claim, it comes up with less beef than a Beyond Meat burger. Evaluating Bitcoin as an Investment Commodity The category of “investment commodity” refers to things that people buy that represent a store of value because of their end use, aesthetic, historical, and/or emotional value. Baseball cards, and other collectibles like art and rare coins, are such examples.…