Bitcoin is beating Warren Buffett’s 'crypto bet' in 2023
Bitcoin's rebound in 2023 has also seen Coinbase stock gaining over 100% year-to-date, boosting Cathie Wood's ARK portfolio. In 2023, Bitcoin (BTC) and Cathie Wood's Coinbase (COIN) investment are finally outperforming Warren Buffett's popular " crypto bet" in Brazil's fintech giant Nubank (NU). Bitcoin vs. crypto-exposure stocks NU, COIN As of March 17, Bitcoin's price is up nearly 55% year-to-date (YTD). In comparison, Nubank has risen by only 26%. Meanwhile, another crypto-exposure asset, namely Coinbase stock (COIN), has seen the biggest rebound of the three, rising over 100% YTD. BTC/USD and COIN versus NU yearly performance. Source: TradingView Nevertheless, Buffett's investment has fared better than COIN over the past 12 months. As of March 17, NU is down 38% year-over-year compared to COIN's 61.76%, nearly equal to Bitcoin's 37% losses in the same period. Warren Buffett sticks by his neobank investment Buffett's investment f...