Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Lemann is a Brazilian billionaire and co-founder of 3G Capital, a multi-billion-dollar investment firm that has teamed up with the American billionaire investor Warren Buffett in the past.
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As noted by Bloomberg, Lemann worked with Buffett in 2013 to acquire H.J. Heinz. In 2015, the two worked together and orchestrated the $55 billion merger of Heinz and Kraft (NYSE:HNZ), now Kraft Heinz Co (NASDAQ:KHC)).
Notice a pattern? Every two years, Lemann and Buffett teamed up to make a major move in the food industry, and some analysts are optimistic the trend will continue in 2017.
In fact, traders appear to be on edge and the slightest indication of a deal was met with a surge of buying activity.
Last month shares of Mondelez International Inc (NASDAQ:MDLZ) spiked following a report in a little-known Swiss economic magazine called Bilanz which suggested Lemann and Buffett can team up to acquire the maker of Oreos and other food products.
Bloomberg added that even The Coca-Cola Co (NYSE:KO), a core holding in Buffett's portfolio going back decades, could be in play for a buyout.
Bloomberg further noted that Lemann is an expert at boosting profits, to the point where companies need to change the way they conduct business or risk becoming a buyout target.
And Buffett's $85 billion cash hoard technically makes any deal possible at this point.
"It's logical that this would be the year," David Palmer, a food industry analyst at RBC Capital told Bloomberg.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.