Pomp: 3 Reasons Why Warren Buffett Should Buy Bitcoin
Buffett just might not ever give in to Bitcoin, then again, he may already have and just won’t relent publicly:
Anthony Pompliano Names Three Reasons Why Warren Buffett Should Buy Bitcoin
“Warren Buffett and his team have essentially decided to dump bank stocks and start gaining exposure to gold. This is a complete U-turn from the perspective Buffett has publicly stated for many years, which downplayed the value of gold and boasted of the banks’ future prospects.”‘
Buffett’s investment in Barrick Gold is seen as a move to get exposure to the precious metal amid uncertainty on the future of the US dollar. Pompliano believes billionaire hedge fund manager Paul Tudor Jones made a smarter decision when he invested in Bitcoin.
He highlights Bitcoin’s 21 million hard-capped supply as a key reason why. As for gold, the exact supply is unknown.
Pompliano also highlights BTC’s portability, and the fact that it can be moved across the globe effortlessly.