Home Coins Bitcoin (BTC) Bitcoin will hit new high ‘in near term’ as Buffett exits USD...

Bitcoin will hit new high ‘in near term’ as Buffett exits USD — Keiser

- Advertisement -

The U.S. dollar is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs, says Max Keiser.

In his latest forecast for macro, the RT host warned that safe havens would seriously outperform fiat. Buffett, he implied, knew what was coming.

Keiser: Buffett “getting out of USD”

“Buffett’s move into Japan, along with his GOLD investment, confirms he’s 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.”

He was referring to Buffett’s move into Japanese assets, taking a 5% stake in the country’s five biggest trading houses in a move which totals $6 billion, Reuters reports.

“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 came days after the Federal Reserve confirmed that it would let inflation rise above its 2% target as a temporary measure, something which weighed heavily on the dollar.

After volatility, the USD currency index (DXY) began plumbing new depths on Monday, bouncing off its lowest levels in two years. Late in July, when those levels first appeared, Bitcoin saw a price jump to $12,500.

As Cointelegraph reported, expectations remain that further dives in DXY will produce similar effects.

USD currency index 1-day chart

USD currency index 1-day chart. Source: TradingView

An unlikely Bitcoin bellwether

Buffett meanwhile is well known for his macro moves, even as he remains a steadfast Bitcoin skeptic. 

Last week, the so-called “Buffett Indicator” warned about a stock market crash, even as large-cap equities continued their climbs higher.

Prior to that, Anthony Pompliano, co-founder of Morgan Creek Digital, publicly bet on Buffett eventually buying Bitcoin after he revealed moves into gold.

At the time, Keiser claimed that the gold entry alone would spark a run among investors, helping push BTC/USD to $50,000.

Perhaps Buffett’s most famous quip about Bitcoin is from 2018 when he referred to cryptocurrency as “rat poison squared.”



First published here

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
472FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,560FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.22
GBP
1.34
CHF
1.12
NOK
0.11
JPY
0.01
CAD
0.78
AUD
0.74

Most Popular

Layer-2 Ethereum scaling solution OMG Network gets acquired by a venture firm

Layer-2 Ethereum scaling solution OMG Network has been acquired by Genesis Block Ventures (GBV). GBV is a subsidiary of Genesis Block, a Hong Kong-based...

Ontology Monthly Report — November 2020 (Japanese) – Ontology JP

11月もオントロジーは大きな進捗を収めました。私たちは、Polkadotのパラチェーンコントラクトエコシステムのソリューション開発会社であるPatract Labsと提携し、スマートコントラクトエコシステムの開発を加速させました。より多くのユーザーに、より速く、より親切なサービスを提供するために、いくつかのONTOの機能が改善されました。 また、オントロジーは、Wing上でDeFiの新製品である「インクルーシブプール」を発表することができました。2020年11月のハイライトをいくつかご紹介します:Patract Labsとの覚書締結Wing インクルーシブプールONTO v3.6.0を公開ONTOのNFTメダルキャンペーンコインテレグラフ コンサルティングAltcoin Dailyの最新YouTube動画公開bloXrouteのアップデート Source link
bitcoin
Bitcoin (BTC) $ 19,053.45
ethereum
Ethereum (ETH) $ 596.44
ripple
XRP (XRP) $ 0.610358
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 288.39
bitcoin-cash-sv
Bitcoin SV (BSV) $ 184.05
litecoin
Litecoin (LTC) $ 85.95
eos
EOS (EOS) $ 3.03
binancecoin
Binance Coin (BNB) $ 29.81
okb
OKB (OKB) $ 5.17
tezos
Tezos (XTZ) $ 2.38
leo-token
LEO Token (LEO) $ 1.36
cardano
Cardano (ADA) $ 0.157184
monero
Monero (XMR) $ 133.08
stellar
Stellar (XLM) $ 0.180824
chainlink
Chainlink (LINK) $ 13.49
huobi-token
Huobi Token (HT) $ 3.92
tron
TRON (TRX) $ 0.030789
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 105.29
neo
NEO (NEO) $ 18.14
iota
IOTA (MIOTA) $ 0.337701
nem
NEM (XEM) $ 0.243570
zcash
Zcash (ZEC) $ 74.09
maker
Maker (MKR) $ 561.41
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 6.32
vechain
VeChain (VET) $ 0.016562
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 4.48
kucoin-shares
KuCoin Shares (KCS) $ 0.831032
waves
Waves (WAVES) $ 7.49