Warren Buffett Warns the U.S. Dollar Is Weakening Fast Due to Endless Money Printing Issues

Berkshire Hathaway sold major stocks and now holds a record $347 billion in cash.

Berkshire Hathaway chairman and CEO Warren Buffett attends the 60th annual shareholder meeting of Berkshire Hathaway in Omaha, Neb., Saturday, April 27, 2024.

Berkshire Hathaway chairman and CEO, left, talks with vice chairman Charlie Munger, center, and talks about his macroeconomic concerns during the 60th annual shareholder meeting of Berkshire Hathaway in Omaha, Neb., Saturday, April 27, 2024.

At the 60th annual shareholder meeting of Berkshire Hathaway, investment legend and chairman of the company, expressed his deep concerns over the U.S. dollar.

While discussing his worries about the U.S. economic outlook, Buffett made veiled comments that had several viewers thinking he was hinting at his stance on Bitcoin.

Buffett Explains the U.S. Dollar Is Weakening Fast

During his speech, Buffett explained that the U.S. government keeps printing more money, which causes the value of money to decrease over time.

He said, “Fiscal policy is what scares me in the U.S.”

Buffett was clearly unhappy with how the U.S. economy is being managed by the government. He called current fiscal behavior “alarming” and noted, “We wouldn’t invest in a currency that’s going to ‘hell’.”

Berkshire Sold Major Stocks and Now Holds Record Cash Pile

Buffett’s words weren’t just talk. His company’s recent actions signaled this concern. In 2024 alone, Berkshire sold $134 billion in stocks, including big names like Apple and Bank of America. At the same time, its cash pile soared to a record-breaking $347 billion.

This signaled a defensive strategy. Buffett seems to be preparing for instability and keeping cash ready for opportunities or emergencies.

Is Buffett Finally Coming Around to Bitcoin?

Though he didn't name Bitcoin directly, Buffett's warnings align closely with why many people support it. Bitcoin's fixed supply and decentralized nature are seen by some as protection against the exact kind of monetary policy Buffett is worried about.

Buffett may not be supporting Bitcoin yet, but his words have started the discussion. And with today's money problems, it’s a conversation more and more people are ready to have.

Berkshire May Soon Surpass MicroStrategy in Bitcoin Holdings

Some X users think that Berkshire Hathaway is exploring other currencies to invest in, and they don't think it'll be long before the company invests in Bitcoin. They believe that Berkshire might soon surpass MicroStrategy in Bitcoin holdings, with billions being deployed into the cryptocurrency.

Considering that Berkshire is known for its cautious and strategic approach to investing, it would be interesting to see if and how the company ventures into the cryptocurrency market.