Warren Buffett Might Begin Panic-Buying Bitcoin at Fifty Thousand USD, Says Max Keiser

Even though Warren Buffett, one of the richest stock market investors around the world, has never been an admirer of gold formerly, he lately made a substantial investment in Barrick Gold Corp while minimizing his exposure in banks.

In his last year’s letter to Berkshire Hathaway’s shareholders regarding an impending financial catastrophe, the legendary investor refers to the ones planning to amass the yellow metal as a hedge as an alternative to making investments in US industries, their portfolio would be much reduced.

Max Keiser, the founder of Heisenberg Capital, recently mentioned that Buffett has missed out on several well-off investments including Apple and Amazon as his timing is not right. At the same time, Buffett avoided Gold for twenty years while the metal outdid the investor for twenty years, mentions Keiser.

Furthermore, Keiser proclaimed that Buffett and Peter Schiff, another BTC critic, will sooner or later catch on with the digital currency and begin amassing. He said:

“My guess is that Buffett (or whoever takes over after he passes) will start panic-buying Bitcoin at $50,000, just like Peter Schiff will do.”