Bitcoin proponent and TV anchor Max Keiser recently reacted to investor and Businessman Warren Buffet’s investment on Barrick Gold miner stocks at the expense of JP Morgan Chase Bank and Wells Fargo Bank.
Max Keiser reacted saying that the investor is wrong about gold, banks and Bitcoin.
Warren Buffet gold investment
The Berkshire Hathaway’s CEO moved his stakes from JP Morgan bank and Wells Fargo bank to bet them on the stock of Barrick gold, Blomberg reported.
After several years of investment in these banks by Buffet and seeing them as good business as long as they don’t make major mistakes, he decided to reduce his financial presence from them.
Previously, there were reports that Robert Kiyosaki, author of popular Rich dad Poor dad slammed Warren Buffet for his old strategies of ignoring gold, stock market and Bitcoin.
The CEOs gradual investment into gold now is however kicked against by Max Keiser. The TV anchor believes Buffet is wrong about everything including gold, banks, airlines and Bitcoin. The CEO also called Bitcoin rat poison squared in the past.
Max Keiser Bitcoin prediction after Buffets investment
The TV anchor is of the opinion that after Buffet’s gold investment, the global investment business would stake 5 percent of its funds on gold.
Hence, Keiser predicts that at least 1 percent of the fund would be allotted to Bitcoin after MicroStrategy $250 million BTC investment).
Outside Max Keiser, the entire crypto community and Bitcoin investors are usually critical about banks saying Bitcoin would eventually phase them out.
The Winklevoss twins also recently said that gold has an infinite supply, unlike Bitcoin that has limited supply talking to Elon Musk as regards NASA plan to explore gold and other precious metals on asteroids while pitching Bitcoin to Dave Portnoy.