Buffett warns of a weakening dollar, does this mean Berkshire is about to invest in Bitcoin?
At Berkshire Hathaway's 60th Annual Shareholders Meeting, Warren Buffett sparked heated discussions, this time the focus was no longer on his investment legend, but on his warning about the weakening dollar. Buffett bluntly stated that he is worried about the U.S. government's fiscal policy, expressing concerns about the continuous printing of money, even calling it a 'frightening' trend.
This year, Berkshire Hathaway has aggressively sold $134 billion worth of stocks and raised its cash reserves to a record $347 billion, a defensive strategy that has led outsiders to speculate whether Buffett is preparing for economic turmoil.
Although Buffett did not directly mention Bitcoin, his remarks align with the advantages of Bitcoin. The fixed supply and decentralized nature of Bitcoin make it a potential means to combat currency devaluation. Despite Buffett's cautious stance on Bitcoin, his concerns about the dollar may prompt him to reconsider Bitcoin.
Some analysts believe that Berkshire Hathaway may have already begun exploring Bitcoin investments and could become a major player in the cryptocurrency market in the future.