In US Crypto News, Max Keiser compares Michael Saylor to Warren Buffett of the 21st Century
Welcome to the Daily Crypto Digest: Your morning rundown of crypto's hottest happenings
Get a cup of joe and dive into the minds of financial gurus across classic finance (TradFi) and crypto, as the lines between the two continue to blur. Bitcoin (BTC) is sneakily gaining traction thanks to TradFi's shaky foundations.
Today's Crypto Headlines: Max Keiser Predicts a Bitcoin-Fueled Future
Warren Buffett might be on the verge of stepping down as CEO of Berkshire Hathaway, and if he does, who knows, he might just join team Bitcoin (BTC).
Buffett's potential resignation is pending board approval, meaning Greg Abel, vice chair of non-insurance operations, could take the reins by year's end. This unexpected move was announced at Berkshire Hathaway's annual shareholder meeting on May 3, 2025.
During this meeting, Buffett issued a stern warning about the long-term worth of the US dollar.
He declared that every system inevitably debases its currency, and government decisions cause paper money to lose value over time.
"In the end, if you give people control over the currency, they can issue paper money," Buffett warned the shareholders gathered in Omaha. "It's not evil, it's just their job."
While Buffett did not mention Bitcoin as a viable alternative, his skepticism about holding assets tied to a systematically devalued currency could be seen as aligning with Bitcoin's core arguments.
Charlie Munger, Buffett's long-term partner, even hinted at an openness to non-traditional assets if given the chance. These comments indicate a possible softening of Buffett's hard-line stance against Bitcoin.
Max Keiser, a Bitcoin advocate and broadcaster, interpreted Buffett's comments as an implicit validation of Bitcoin.
"Michael Saylor is the Warren Buffett of the 21st century," Keiser stated. "He understood what Buffett described and built his strategy around it."
According to Keiser, Saylor saw the potential for Bitcoin as a hedge against the devaluation of fiat currencies. In contrast, Keiser views Buffett as reliant on TradFi.
Buffett's Role During the 2008 Financial Crisis is Closer to Home Than You Think
In 2008, during the market downturn, Berkshire Hathaway poured capital into companies like Goldman Sachs and Bank of America (BofA), earning Buffett praise as a crucial stabilizing force.
Conversely, Michael Saylor, MicroStrategy's CEO, has taken a dramatically different approach. Under his leadership, MicroStrategy started acquiring Bitcoin in 2020 as part of its corporate treasury strategy, citing concerns about long-term fiat currency debasement. The firm currently holds over 200,000 BTC, valued at tens of billions of dollars at current market prices.
Although Buffett has long been critical of Bitcoin, some within the crypto community believe his recent comments about currency devaluation are a tacit acknowledgment of Bitcoin's purpose.
Sentiment on Twitter suggests a growing confusion about why Buffett doesn't endorse Bitcoin as the solution to government-induced currency devaluation.
"Warren Buffet talks about the virtues of Bitcoin without mentioning Bitcoin," one user joked.
Some even hope Buffett's potential successor as CEO will lead Berkshire Hathaway to adopt Bitcoin.
A spokesperson for Berkshire Hathaway has yet to comment on Keiser's remarks.
Meanwhile, in line with Buffett's comments about foreign exchange, QCP Capital analysts reported an 8% rally in the Taiwanese Dollar (TWD) on Monday, triggering speculation about possible macro volatility ahead.
References:[1] Business Insider[2] Bloomberg[3] Investopedia[4] CNN Business
- Citing Buffett's cautionary remarks about the US dollar's long-term worth, Max Keiser predicted a Bitcoin-fueled future.
- If Warren Buffett were to step down as CEO of Berkshire Hathaway, he might join the Bitcoin crowd, as some speculate.
- The potential successor to Buffett, Greg Abel, could take the reins of Berkshire Hathaway by the end of this year.
- During Berkshire Hathaway's annual shareholder meeting in 2025, Buffett warned about the devaluation of paper money caused by government decisions.
- Buffett's partner, Charlie Munger, hinted at an openness to non-traditional assets, softening Buffett's hard-line stance against Bitcoin.
- Bitcoin advocate Max Keiser interpreted Buffett's comments as an implicit validation of Bitcoin.
- MicroStrategy, under the leadership of Michael Saylor, has been acquiring Bitcoin as part of its corporate treasury strategy, amassing over 200,000 BTC.
- Some in the crypto community have interpreted Buffett's comments about currency devaluation as a tacit acknowledgment of Bitcoin's purpose.
- Sentiment on Twitter suggests growing confusion about why Buffett doesn't endorse Bitcoin as the solution to government-induced currency devaluation.
- QCP Capital analysts reported an 8% rally in the Taiwanese Dollar on Monday, sparking speculation about possible macro volatility ahead, in line with Buffett's comments about foreign exchange.
