Warren Buffett pivots to U.S. Treasuries — a bad omen for Bitcoin’s price?

2022.08.23 20:45

Warren Buffett pivots to U.S. Treasuries — a bad omen for Bitcoin’s price?

Warren Buffett has put most of Berkshire Hathaway (NYSE:BRKa)’s cash in short-term U.S. Treasury bills now that they offer as much as 3.27% in yields. But while the news does not concern Bitcoin (BTC) directly, it may still be a clue to the downside potential for BTC price in the near term.

Treasury bills, or T-Bills, are U.S. government-backed securities that mature in less than a year. Investors prefer them over money-market funds and certificates of deposits (COD) because of their tax benefits.

Source