Tags: kraft | heinz | buffett | crypto | bacon | coins

Buffett's Distaste for Crypto Fails to Thwart Heinz's Bacon Coin

Buffett's Distaste for Crypto Fails to Thwart Heinz's Bacon Coin
(Mohamed Ahmed Soliman | Dreamstime)

Tuesday, 01 May 2018 03:10 PM

Warren Buffett has said cryptocurrencies such as Bitcoin will come to a “bad ending.” He probably wasn’t referring to cholesterol.

Kraft Heinz Co.’s Oscar Mayer unit is issuing a limited number of digital tokens called Bacoins that can be exchanged for the company’s bacon.

Buffett’s Berkshire Hathaway Inc. is part of the investor group controlling the food giant. A Bacoin traded for 11 slices of bacon at noon Tuesday in New York, according to a website for the marketing gimmick.

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Warren Buffett has said cryptocurrencies such as Bitcoin will come to a "bad ending." He probably wasn't referring to cholesterol.Kraft Heinz Co.'s Oscar Mayer unit is issuing a limited number of digital tokens called Bacoins that can be exchanged for the company's...
kraft, heinz, buffett, crypto, bacon, coins
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2018-10-01
Tuesday, 01 May 2018 03:10 PM
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