Warren Buffet purchased stocks in a firm that deals with gold mining, regardless of his prior criticism of the asset as an investment option.
Though the notable United States rich man has always been a critic of gold in the past, he lately invested a substantial amount in a gold firm.
Like gold, the fourth wealthiest man in the world has also been criticizing BTC, which stirs up assumptions on whether he might consider investing in the cryptocurrency later in the future.
It is also reported that Warren has reduced his investments in the bank sector and other financial institutions, with his firm investing massively in gold.
This investment by Warren is being regarded as a big shock by financial experts.
BTC is another asset that has been criticized by the United States rich man, which is very similar to gold in terms of its fixed supply and value progression lately. Buffet described the digital asset as a "gambling device," He wasn't convinced that cryptocurrencies are viable investments.
However, what if Warren changes his mind and considers investing in BTC, what will be the effect?
Such investment could raise the value of Bitcoin and also improve its acceptance.
Source: Cryptopotato
