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Warren Buffett Buying Gold May Push Bitcoin to $50K, Investors Say

Published 08/15/2020, 08:07 AM
Updated 08/15/2020, 09:40 AM
Warren Buffett Buying Gold May Push Bitcoin to $50K, Investors Say

Warren Buffett Buying Gold May Push Bitcoin to $50K, Investors Say

Berkshire Hathaway (NYSE:BRKa), the $503 billion conglomerate led by Warren Buffett, sold Goldman Sachs (NYSE:GS) for a Canadian gold company Barrick Gold (NYSE:GOLD). Max Keiser, the founder of Heisenberg Capital and an early Bitcoin investor, says it could help buoy BTC to $50,000.

The quarterly shareholder filing of Berkshire Hathaway shows Buffett trimmed his position on most major banks, Fortune reported on Aug. 15. The firm sold a substantially large portion of its shares in JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC) and PNG.

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Latest comments

he didnt buy gold :) be bought gold mining company stock, I dont kmow if people really dont know what he did or just try to manipulate ?
i don't see the connection of gold to btc.
lol... but that's nothing to 1M McAfee this year
Keep on dreaming, monopolymoney, might just as well write numbers on a piece of paper
prefekt
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