CoinTelegraph - Warren Buffett dumps $13.3B in stocks — A warning sign for Bitcoin and risk assets?
Berkshire Hathaway, led by Buffett, dumped $13.3 billion worth of equity and increased its US Treasury and cash exposure in the first quarter.
In other words, the potential for a stock market crash is being prepared for by Buffett, especially as the U.S. banking crisis unfolds and many banking stocks decline.
Moreover, the price of BTC is likely to be a leading indicator of falling stock prices, Bloomberg Intelligence analyst Mike McGlone predicts.
Is this really a warning for Bitcoin?
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