The U.S. greenback is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs, says Max Keiser.
Keiser: Buffett getting out of USD
Buffetts move into Japan, along with his GOLD investment, confirms hes getting out of USD BIGLY, Keiser wrote on Twitter Monday.
USD is trending lower today, about to break key support. Bitcoin – Gold – Silver Will all make new ATH in the near term.
The five major trading companies have many joint ventures throughout the world and are likely to have more. I hope that in the future there may be opportunities of mutual benefit, the publication quoted him as saying.
The announcement got here days after the Federal Reserve confirmed that it might let inflation rise above its 2% goal as a brief measure, one thing which weighed closely on the greenback.
After volatility, the USD foreign money index (DXY) started plumbing new depths on Monday, bouncing off its lowest ranges in two years. Late in July, when these ranges first appeared, Bitcoin noticed a worth bounce to $12,500.
As Cointelegraph reported, expectations stay that additional dives in DXY will produce comparable results.
An unlikely Bitcoin bellwether
Buffett in the meantime is well-known for his macro strikes, at the same time as he stays a steadfast Bitcoin skeptic.
Last week, the so-called Buffett Indicator warned a couple of inventory market crash, at the same time as large-cap equities continued their climbs larger.
Prior to that, Anthony Pompliano, co-founder of Morgan Creek Digital, publicly wager on Buffett ultimately shopping for Bitcoin after he revealed strikes into gold.
At the time, Keiser claimed that the gold entry alone would spark a run amongst traders, serving to push BTC/USD to $50,000.
Perhaps Buffetts most well-known quip about Bitcoin is from 2019 when he referred to cryptocurrency as rat poison squared.