Economy
Why Warren Buffett Made a U-turn Towards the Crypto Market
Back in the day, billionaire Warren Buffett said that cryptocurrencies were ‘rat poison’ because he saw that the asset had ‘no unique value at all’. He has turned around from this opinion because he has dumped his stocks in VISA and Mastercard and he invested $1 billion in Nubank which is a crypto-friendly bank.
This is a huge U-turn for Buffett because he is known as one of the biggest critics of the crypto market. Now that he has made some business moves to that point, you can expect that he will continue to invest in crypto-related projects soon. This was a surprising development but it looks like the new trend for the richest businessmen to join the hype.
They would want to invest in the crypto market because there are many possibilities here. You can use it as an investment tool but you can also use them for everyday functions like paying for goods and services and playing slot games at any online bitcoin casino.
The crypto industry is thriving at the moment
When you look at the crypto industry from top to bottom, you can see that it is thriving, especially with big names like Buffett proving that the industry works.
You can see that even if there are some value dips from time to time, the crypto market is thriving especially with the potential that it has shown over the years. You should look into the crypto market as well if you want to have solid value for yourself.
With assets like Bitcoin and non-fungible tokens (NFTs) in the market, you should expect that the crypto industry as a whole will continue to make waves in the financial world. The NFTs themselves are probably the biggest development over the past few years as they can be a bridge for multiple industries to connect with each other and the crypto market.
Financial technology has been a huge concept that has risen in popularity over the past few years. You should expect that people like Buffett will be sceptical about this at first but when they see the viability of them being used, they will turn into the biggest fans of the concept. Now, fintech is proven to be a success.
This is the right time to invest in crypto
In early 2022, the crypto market took a big dip. Despite that, people should know that this is the right time to invest in crypto. You can buy low and have the potential to grow further in the future. The crypto market is ripe for the picking now. People should try and invest in crypto now because the value will go up soon and it will be a bad move to ignore it given that there are so many possibilities now.
You should look into investing in crypto-based firms because they are ready to make some big moves. These large strides might sound too adventurous for you but you should expect that this will be the best time for you to invest. Buy low and sell high is a big tactic for a business and that plays a role in the rise of cryptocurrencies around the world.
Bitcoin, Ethereum, and other cryptocurrencies have become popular enough to warrant investments and that should be a normal occurrence for people.
He saw the potential
Over the years, crypto has shown that there is potential there for growth. There have been various projects for digital currency and it is also being used for payments in services and activities like betting on a online bitcoin casino game. While Buffett has not explicitly said that he likes crypto, the potential is there and businessmen like him are saying that this is the future.
You should expect that the big corporations will pick up crypto as well. This U-turn from Buffett is encouraging because it will be exciting to see if his Nubank move will pay off in the crypto market’s growth sometime soon.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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