The American stock market is expecting new shocks 💸
Legendary American financier Warren Buffett has alarmed market players by quickly disposing of a significant volume of shares in major American banks. Buffett sold shares worth $3.2 billion, including $2 billion in Bank of America and $1 billion in Citigroup. 😱
It seems Buffett expects that the American banking system is in for tough times, and the opinion of a man nicknamed the "Oracle of Omaha" is generally trusted in the U.S. So, following Buffett, other players have also started to sell off shares in American banks. Even JP Morgan's Jamie Dimon seems to have little faith in the prospects of the American banking system: he sold $31.5 million in shares, marking his first large sale since 2005.
What conclusions can be drawn? In such cases, in anticipation of a crisis, finances are redistributed into other assets - primarily gold, and some funds may flow into the cryptocurrency market, particularly into purchasing BTC - which will positively impact its further growth.
