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Warren Buffett's Berkshire Hathaway owns a stake in a company that pitches Bitcoin as an inflation hedge

Benzinga
Summary
Nutrition label

57% Informative

Berkshire Hathaway holds 433,558 shares of financial services company Jefferies Financial Group Inc. ( NYSE : JEF ), worth nearly $34 million .

Jefferies deemed Bitcoin as a "critical hedge" against fiat debasement and inflation.

The investment bank recommended a 10% allocation to the asset for U.S. dollar-based long-term global investors.

VR Score

36

Informative language

27

Neutral language

32

Article tone

formal

Language

English

Language complexity

54

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

11

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