Is Warren Buffet’s decision to pass on crypto a huge mistake?
Warren Buffett has taken an unusual step by keeping Berkshire Hathaway’s $325 billion cash stockpile untouched, bypassing both the stock market and the ongoing cryptocurrency boom. Warren Buffet’s actions signal that he views the market to be overvalued. Instead, much of Berkshire’s cash is invested in short-term U.S. Treasury bills, yielding nearly $10 billion thanks to today’s high interest rates.
This is a gain of 3% for those who do not like easy kindergarten math.
In stark contrast, the crypto market is killing it, particularly with Dogecoin and Peanut the Squirrel Coin (PNUT) reaching insane gains in just short periods of time.
Even I, a crypto newbie, have doubled my money since President Trump won the U.S. Elections.
Dogecoin has surged from $0.10 to $0.42, fueled by President Trump’s recent tweet about “Doge” being part of a new government program that Elon Musk will lead. President Trump announced that Musk and politician Vivek Ramaswamy will head a new…
