Investors usually buy large quantities of gold when they do not have faith in fiat currencies and want to protect their purchasing power against debasement. Berkshire Hathaway’s recent purchase of Canadian gold miner Barrick Gold (NYSE:GOLD) suggests that Warren Buffet is not confident about the future health of the United States and global economy.
Morgan Creek Digital co-founder and partner Jason Williams (NYSE:WMB) believes that although Buffet might not directly invest in Bitcoin (BTC), it is likely that one of the younger managers will.