Warren Buffett Warns of US Dollar Devaluation, Sparks Bitcoin Debate
1min read Warren Buffett, the renowned investor and CEO of berkshire hathaway, recently made remarks that indirectly support Bitcoin’s role as a hedge against the risks associated with fiat currencies. During Berkshire Hathaway’s annual shareholder meeting, Buffett warned about the long-term value of the US dollar, noting that government decisions often lead to the devaluation of paper money over time. He emphasized that the natural course of government is to make the currency worth less over time, a process he described as not evil but rather a job requirement for governments.
Buffett’s comments suggested an openness to non-traditional assets, although he did not explicitly mention Bitcoin. This has sparked discussions within the crypto community about the potential endorsement of Bitcoin by one of the most influential investors in the world. Max Keiser, a prominent Bitcoin advocate and broadcaster, interpreted Buffett’s remarks as a tacit validation of the thesis behind Bitcoin. Keiser compared Michael Saylor, the executive chairman and co-founder of microstrategy, to Buffett, highlighting Saylor’s focus on Bitcoin as an alternative to traditional finance (TradFi).
Keiser contrasted Saylor’s Bitcoin-focused investment approach with Buffett’s reliance on traditional finance. He noted that Buffett built his empire on money printing and benefited from political leverage, particularly during the 2008 financial crisis. During this time, Berkshire Hathaway invested heavily in companies like Goldman Sachs and Bank of America, earning Buffett praise as a stabilizing force. In contrast, Saylor has taken a dramatically different approach, acquiring Bitcoin as part of MicroStrategy’s corporate treasury strategy due to concerns about the long-term debasement of fiat currencies. As of early 2025, the company holds more than 200,000 BTC, worth tens of billions of dollars at current market prices.
Ask Aime: "Can Warren Buffett's words influence Bitcoin's future?"
Buffett has long been critical of Bitcoin, famously calling it “rat poison squared” in 2018. However, his recent comments about currency debasement have been interpreted by some in the digital asset space as aligning with core arguments made by Bitcoin proponents. Buffett’s remarks suggest that while he may not endorse Bitcoin, he understands why it exists as a solution to the flaws in fiat currency systems. This has led to speculation within the crypto community about whether Buffett’s prospective replacement as CEO, Greg Abel, might lead Berkshire Hathaway in a different direction, potentially adopting Bitcoin.
