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Buffett Changes His Mind on Gold, Bitcoin Could Follow

Amy Liu

Summary: Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Max Keiser has predicted that the Berkshire Hathaway CEO will panic-buy bitcoin at $50,000. Buffett’s company Berkshire Hathaway revealed that it had dumped bank stocks and took a position in a ...

Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Max Keiser has predicted that the Berkshire Hathaway CEO will panic-buy bitcoin at $50,000.

Buffett’s company Berkshire Hathaway revealed that it had dumped bank stocks and took a position in a gold miner. The price of gold recently spiked to more than $2,000 an ounce. Berkshire Hathaway closed position in Goldman Sachs completely. 

Popular television personality and bitcoin proponent Max Keiser sees Buffett’s gold investment as positive for bitcoin. Believing that the Berkshire Hathaway CEO will start panic-buying the cryptocurrency at $50,000.

By Amy Liu

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