Why are Bitcoin critics Buffett & Munger investing in crypto-friendly companies?

economictimes.indiatimes.com:

Warren Buffett's Berkshire Hathaway invested $1 billion in Nubank, a digital lender, in the last quarter of 2021, according to a Securities and Exchange Commission (SEC) filing. The Brazil-based Nubank is a crypto-friendly player, whose investment unit, NuInvest, allows users to invest in crypto exchange-traded funds, according to the company website. This investment move by Buffett, often called 'Oracle of Omaha', has boggled many crypto fanatics as the CEO of Berkshire Hathaway has openly declared his dislike for crypto-assets and called Bitcoins a 'rat poison squared.'

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A statue honouring mysterious Bitcoin founder Satoshi Nakamoto was unveiled in a business park near the Danube River in the Hungarian capital Budapest

Not only Buffett, his second in command, Charlie Munger, also called for a ban on cryptocurrencies at the annual meeting of Daily Journal Corp. «I'm proud of the fact that I avoided it. It's like some venereal disease,» Munger said. «I just regard it as beneath contempt. Some people think it's modernity, and they welcome a currency that's so useful in extortions and kidnappings [and] tax evasion.» Munger, 98, is the vice-chairman of Berkshire Hathaway. «Buffett and Munger have criticized crypto at various forums, but they are well aware of the technological advancements and role of crypto in shaping financial markets,» said Aliasgar Merchant, Developer Relations Engineer, Tendermint. It is not surprising that Buffett is making indirect investments in crypto-friendly entities as he might not like it but acknowledges its potential, Merchant added. During the previous quarter, Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings. Buffett is known for