Bitcoin bull and crypto analyst Max Keiser calls Warren Buffett’s move away from the US dollar bullish for bitcoin, with the possibility for a new all-time high in the “near term.”
Keiser, who hosts the Keiser Report, published a tweet on August 31 highlighting Warren Buffett’s move into Japanese assets. Keiser called Buffett’s actions an indication that he was “getting out of USD,” and predicted bitcoin and precious metals would reach a new all-time high in the near term.
Kesier’s tweet was in reference to an earlier report by Reuters, which claimed the legendary investor had taken a five percent stake in Japan’s five biggest trading houses at a cost of $6 billion.
The report quoted the Oracle of Omaha explaining his new acquisition,
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.
Buffett’s high-profile move came just days after a speech by Federal Reserve chairman Jerome Powell confirming that the central bank would allow inflation to rise above its historical two percent target.
The US dollar index (DXY) subsequently fell in response to the news, leading many analysts to turn bullish on safe-haven assets such as gold and bitcoin.
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