Co-Founder of Satoshi Nakamoto Institute Blasts Warren Buffett for Hoarding $128 Billion

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.

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.

Reference: https://www.ccn.com/co-founder-satoshi-nakamoto-institute-warren-buffett/

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