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Warren Buffett is Wrong About Bitcoin, Gold, Banks – Max Keiser

Last updated on August 26th, 2022 at 03:42 pm

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Bitcoin advocate Max Keiser is optimistic that BTC might get $1 trl allocated by global investment funds in the near future.

His prediction is coming on the heels of another investor and billionaire Warren Buffett moving part of his investment to gold.

The bitcoin investor and founder wanbitcoin.com/keiser/, a bitcoin investment platform that gives $10 worth of btc as sign up bonus for US residents was commenting on the recent decision of Warren Buffett to move his funds from stakes in major global banks and make a bet on Barrick Gold miner stocks.

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According to Max Keiser, the Berkshire Hathaway CEO is wrong about gold, banks and Bitcoin.

He tweeted, “Buffett: Wrong about airlines Wrong about banks Wrong about Gold What makes you think he isn’t also, Wrong about #Bitcoin”

Buffett moves funds from bank’s stocks into gold

Economictimes reported that the Oracle of Omaha has decided to shift his investments from banks and move them into the stocks of Barrick Gold.

It’s gathered Warren Buffett has reduced his financial presence in several banks such as JPMorgan Chase, Wells Fargo, etc, after many years of considering these institutions to be ‘a good business as long as they don’t make major mistakes’.

“Buffett dumping banks; buying Barrick Gold is a sea-change The importance cannot be overstated He sees global central banks have completely lost control; they’re printing trillions and Killing fiat money The entire $100 trillion global funds biz just got turned on its head,” Max Keiser tweeted

Author

  • Opeyemi Quadri

    Ope is a finance writer and researcher with 10+ years of experience in content creation. His interests cut across decentralized finance, investment, foreign exchange, government policies and politics.

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