Billionaire investor Warren Buffett is convinced that the US economy will survive the coronavirus crisis because “nothing can actually stop America.”
In its annual shareholders meeting – broadcast online due to COVID-19 restrictions, the famous “Oracle of Omaha” and Bitcoin skeptic was optimistic about the US economy.
Speaking to his Berkshire Hathaway investors from his base in Omaha, Nebraska, Buffett said that while it was not clear how things would go because of the coronavirus cessation, “American magic has always prevailed and will do so again. “
But he added that people can “bet on America” - before investors have to add, they have to be careful because “markets can do anything.”
And Buffett’s massive investment conglomerate, Berkshire Hathaway, is at a record $ 137 billion reports.
Despite the eye-catching amount, the genius investor has seen nothing “attractive” to put the money into. “We didn’t do anything because we don’t see anything attractive to do,” he reportedly said.
Buffett, a long time crypto hater, has confidence in the S&P 500, but seems unfazed and uninterested in Bitcoin, even if it is bounced back after the March crash.
The largest cryptocurrency by market capitalization has made an unprecedented recovery – past the USD 9,000 mark, after reaching as little as $ 4,000 just a month and a half ago.
This leads to investors starting to become bullish, especially since Bitcoin’s halving is only around the corner, which some analysts say to believe will lead to an increase in the price of Bitcoin.
Would it be time to put some of that $ 137 billion into Bitcoin, Warren?