Legendary investor Warren Buffett has announced that he believes the dollar is nothing more than “rat poison”.
“I used to say that Bitcoin was rat poison, but then I actually thought about it. It turns out, I was just being a boomer! Bitcoin has a fixed supply. Dollars are getting printed infinitely.”
In a recent interview, Buffett stated that the high rate of inflation and money printing make the dollar a poor investment choice. “The dollar is like a game of musical chairs,” he said. “It’s just a matter of time before the music stops and people are left holding worthless currency.”
The billionaire investor also criticized the Federal Reserve’s monetary policies, saying that they have only served to devalue the dollar. “The Fed’s money printing and low interest rates have only served to inflate the currency and make it less valuable.”
Buffett’s comments have caused a stir in the financial world, with many experts questioning his analysis. “I think Buffett has completely lost it,” said one economist. “It’s still the world’s reserve currency, and it’s still a safe haven for investors.”
However, Buffett remains firm in his belief that the dollar is a poor investment choice. “I would advise investors to look for other opportunities, like gold, real estate, or even cryptocurrencies,” he said. “Anything is better than the dollar.”
Berkshire Hathaway holds over $35 Billion in USD.
