In 2023, Bitcoin and Cathy Wood's Coinbase project finally surpassed Warren Buffett's enthusiasm for project investment in Mexican financial Internet giant Nu.

Bitcoin VS login password exposed stock Nu,Coin

As of March 17, the price of bitcoin has risen by nearly 55% since the beginning of the year (YTD), compared with a 26% increase in Nubank. In addition, another login password exposure property, Coinbase shares (Coinbase), has a strong rebound, up more than 100 per cent since the start of the year.

Even so, Buffett's investment has mainly outperformed spot rolls over the past 12 months.

As of March 17, compared with 61.76% of Bitcoin, NU's month-on-month decline was 38%, which is basically equivalent to a 37% decline in Bitcoin over the same period.

Warren Buffett persevered in his new bank investment

Buffett's investment management company Berkshire Hathaway bought $1.5 billion worth of Nubank A shares in two rounds in July 2021 and February 2022.

The news exceeded many expectations, as Buffett was a well-known critic of digital currency, and Nubank used its subsidiary, Nucrigto, to give login passwords to trade online. In may 2022, the bank said it would allocate 1% of its total assets to bitcoin.

Nubank said at the time: "this move strengthens the firm's belief in the development potential of Bitcoin at this stage and in the future to disrupt the financial information services of the region."

But according to Berkshire Hathaway's latest earnings report for the year, Buffett did not sell a share despite the decline in Nubank's login password exposure and the price of Nu.

The decision to hold a stake in Nu in a difficult market environment is likely to be the same as Nubank's improvement in Latin American banking.

Nu Holdings, Nubank's head office, reported steady 2022 sales, with revenue up 140 per cent and active customers up 38 per cent year-on-year.

Nienwood doubles his bet on coins in 2023

Coinbase's 2022 earnings can't be said to be the same, because its earnings are down 57% from a year earlier.

Related: in the SVB and signed bank runs, Crypto acts as the haven of the heart: Nienwood

But Ark InvestCEO Nienwood turned a blind eye to the purchase of coin stocks again in 2023 according to her Ark evolution next-generation Internet ETF (ARKW) and Ark evolution independent innovation ETF (ARKK). In particular, coin sales account for about 30% of all stocks purchased so far this year.

As a result, Coinbase has become the fifth largest position in Wood, with a value of nearly $670 million at the time of writing.

Is owning bitcoin a better strategy?

Comparing the price of Bitcoin with the debut of Coinbase and Nu Holdings, strict enforcement of BTC not only surpasses stocks on time, but also data encryption exposure stocks. There are exceptions, such as the boom of bitcoin mining stocks in 2021.

But all in all, in fact, owning bitcoin is a better strategy than traditional stocks, and will have more potential for growth.

Notably, Nu has fallen by more than 50 per cent since it went public in December 2021. Since then, Bitcoin's performance has been stronger, falling to 44% over the same period.

Similarly, Coin has fallen 80 per cent since it issued new shares in April 2021. However, Bitcoin has only fallen by about 50% in the same decline cycle, and Bitcoin as a whole is stronger than risky exposure stocks such as Coinbase and Nu Holdings.