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hello and welcome to the cryptocurrency news channel we'll talk about max kaiser and warren buffett and max kaiser actually says warren buffett who has now changed his mind on gold will panic by bitcoin at 50k i don't know about this prediction because i personally don't think the us dollar is really in that much trouble yeah it might look a little bad right now but i don't think it's actually in that much trouble um but and i definitely don't think he's gonna buff it he's gonna panic buy anything so warren buffett has changed his mind about gold as an investment prompting some people to think that he might do the same with bitcoin but not yet max keiser has predicted that the berkshire hathaway ceo will panic buy bitcoin at 50 000 so billionaire investor warren buffett has always held a negative view on gold as an investment he previously said repeatedly that he prefer to buy shares of good companies instead of any gold investments because obviously good companies appreciate generally more than gold that has changed however buffett's company berkshire hathaway revealed friday that had dumped bank stocks and took a position in a gold miner uh that the price of gold recently spiked more than two thousand dollars an ounce so that's obviously playing on the pandemic fears berkshire hathaway closed position in goldman sachs completely so they don't have they don't really have a position there reduced position in jp morgan chase by 61 percent and sold hel ho sold holdings in wells fargo and pnc instead the company bought a stake in barrick gold one of the top gold mining firms sending the up the miners shares soaring monday along with shares of its competitors so buffett likes gold another investment the oracle the oracle of omaha made no secret of disliking his bitcoin in 2018 he referred to the cryptocurrency as rat poison squared so not only rat poison but rat poison times rat poison in february he had a lunch with tron founder justin sun which obviously did nothing and several other crypto companies executives sun gifted him his first bitcoin stored in a samsung galaxy fold phone however the billionaire investor donated to a charity and emphasized that he will never own a bitcoin nonetheless buffett's changed stance on gold as many people in crypto sector wonder if you will do the same with bitcoin jason williams morgan creek digital co-founder tweeted uh saturday uh buffett sold banks and bought gold he will soon buy bitcoin i don't think so gold is more traditional asset where um that where that's buffett with strong in bitcoin is not a traditional asset at all i don't think warren buffett will actually be interested in bitcoin while a few people in the crypto niche saw buffett's change of heart on goal as bullish for bitcoin many on social media still do not believe he will ever invest in btc one twitter user opined he doesn't understand the technology but he's old like gold so that makes sense and i actually agree with that sentiment completely that he's go he's old oh gold's old so they make an old kind of couple type thing his pride is far more valuable to him i don't really know about that part but yeah sure whatever a third user concurred a few believe that the berkshire hathaway ceo has already been secretly invested in bitcoin yeah i don't think so gold bug peter schiff was upbeat about buffett finally buying a gold stock he tweeted adding warren buffett knows inflation is a tax you don't want to pay the tax buy gold or gold stocks just like buffett did some people try to guess at which price level buffett will start buying bitcoin i don't think he's buying bitcoin popular television personality and bitcoin proponent max keiser sees buffett gold investment as positive for bitcoin obviously kaiser does because he's super bullish but i wouldn't read too much into it believing that the berkshire hathaway ceo will start panic buying the cryptocurrency at fifty thousand dollars like i said i really don't think warren buffett's gonna panic by anything i mean that's a that's that i mean i think that's a bad prediction the same level he feels would entice schiff and veteran investor jim rogers kaiser tweeted warren buffett will start panic buying bitcoin at fifty thousand i mean warren buffett's old and he's not worried about securing his financial future so i don't think this is true uh warren buffett will start panic buying bitcoin at 50 000 just like peter schiff so what do you think about this topic um yeah i don't think so like i said i think buffett's gonna be okay with gold and uh dollars even if dollars falls which is extremely unlikely gold will float him through and he has a lot of money so don't think he's gonna be buying bitcoin anytime soon so that is the news for today let me know if you think like subscribe and hit that bell notifications button thank you and have a nice day
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