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Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway

Published 08/26/2022, 02:30 PM
Updated 08/27/2022, 08:40 AM
Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway

Warren Buffett raised eyebrows this week when his firm, Berkshire Hathaway (NYSE:BRKa), upped its exposure to United States Treasury bills. If you’re one of the few remaining bulls out there, Buffett’s flight to safety is concerning because it signals that the Oracle (NYSE:ORCL) of Omaha would rather get a 3% yield instead of playing the stock market. If equities go belly-up in the fall, as I’ve been predicting for months, expect Bitcoin (BTC) to follow.

Looking at the numbers, Berkshire’s T-bill exposure grew to $75 billion at the end of June, up from $58.5 billion at the beginning of 2022. But, even with the 28% spike, Berkshire doesn’t hold as many T-bill investments as the leading stablecoin issuers. Stablecoins presently command a market capitalization of $153 billion, and a large percentage of their backing comes from T-bills. This is just another reminder that stablecoins are serious business.

Stablecoin issuers hold more US debt than Berkshire Hathaway: Report

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Latest comments

This type of comparison shows the kind of caliber these crypto expert pumpers have. They cling to anything to make crypto sound like magic one way money street
Who cares if multiple exchanges combined equal more t bills then BRK_ alone?
Like you have been "predicting for months" give me a break. millions of people think the market is heading down sorry to inform you its a common opinion. Did Buffet sell his entire equity portfolio? OK thanks
'stable' coins hahahahaha, HAHAHAHAHA. Remember Luna? Terra?
Yes did they arrest dookie kwon yet for his fruad?
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