- Warren Buffett’s Berkshire Hathaway is sitting on a massive cash stockpile.
- Pierre Rochard criticizes the billionaire investor for his strategy of waiting for the value of the U.S. dollar to rise.
- According to Rochard, Buffett’s strategy is no different from bitcoin HODLers.
The Oracle of Omaha, Warren Buffett, has been recently grabbing headlines because of his enormous cash position. As of early November, Buffett’s Berkshire Hathaway is sitting on $128.2 billion in cash.
Analysts are quick to speculate. Some say the billionaire investor doesn’t see a lot of upside in the stock market considering that the S&P 500 has printed a fresh all-time high. Others believe he’s just waiting for the stock market to plunge so he can buy shares at dirt cheap prices.
Crypto analyst watching and interpreting Warren Buffett’s move. | Source: Twitter
Nevertheless, a prominent figure in the cryptocurrency industry believes that Buffett is not expecting a downturn soon. On the contrary, this person says Berkshire Hathaway’s chief executive is expecting for his cash stockpile to increase in value.
Warren Buffett Large Cash Position May Signal Dollar’s Rise in Value
Over the last few weeks, we’ve been covering the repo market and how the surging rates signal a global dollar shortage. By applying the basic rules of supply and demand, if the world is short on dollars, one can expect the greenback to rise in value. According to Pierre Rochard, co-founder of Satoshi Nakamoto Institute, this is Warren Buffett’s playbook.
Pierre Rochard believes that Warren Buffett is HODLing dollars. | Source: Twitter
You can’t blame the billionaire investor for stockpiling cash. If there are no interesting companies to acquire as the stock market trades at an all-time high,