Binance Should Introduce Tokenized Berkshire Hathaway Stock

in LeoFinance28 days ago

Warren Buffett

Image Source

Binance has introduced the first tokenized security for trading on the exchange.

See: https://www.coindesk.com/binance-allows-users-to-trade-tokenized-stock-tokens-starting-with-tesla

This is very cool. I would like to see Binance introduce tokenized Berkshire Hathaway stock next. :)

I would love to hear what Warren Buffett had to say about that.

It would be extremely convenient to sell cryptocurrencies at the end of a bull market and to get into stocks without having to transfer money in and out of platforms. At the end of a subsequent bear market, getting back into crypto could be done with a couple of mouse clicks.

If this is not bullish for BNB, I don't know what is.

Here's a list of assets owned by Berkshire Hathaway:

https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway

These are primarily not tech companies, although Apple is a big chunk of the whole. Berkshire Hathaway also has a very large cash position, which means that its stock should be somewhat shielded from stock market fluctuations. At the end of last year, it had $138 billion worth of cash and short term investments while its market cap was a little north of half a trillion dollars.

Posted Using LeoFinance Beta

Sort:  

I would like to see Binance listing more stocks but not really Berkshire

Posted Using LeoFinance Beta

I would definitely want to see something like Berkshire. Why? When the bear market hits and Bitcoin enters a correction where it crashes 70-80% and altcoins crash 90-99% in the course of a year or so, you want to park your money in something that does not move in tandem with crypto. Tesla is one of the worst stocks in that respect apart from MicroStrategy.

Wouldn't it be sweet irony to see tokenized Berkshire Hathaway stock on Binance?

Posted Using LeoFinance Beta