CoinTelegraph - Warren Buffett dumps $13.3B in stocks — A warning sign for Bitcoin and risk assets?

in blockchain •  2 years ago 

https://cointelegraph.com/news/warren-buffett-dumps-13-3b-in-stocks-a-warning-sign-for-bitcoin-and-risk-assets
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Berkshire Hathaway, led by Buffett, dumped $13.3 billion worth of equity and increased its US Treasury and cash exposure in the first quarter.

In other words, the potential for a stock market crash is being prepared for by Buffett, especially as the U.S. banking crisis unfolds and many banking stocks decline.

Moreover, the price of BTC is likely to be a leading indicator of falling stock prices, Bloomberg Intelligence analyst Mike McGlone predicts.

Is this really a warning for Bitcoin?

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blockchain horror dump warren buffett stocks warning bitcoin
2 years ago by

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      ·  2 years ago 

    Upvoted! Thank you for supporting witness @jswit.

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