Bitcoin (BTC) has posted its highest transaction volume since early 2018 as data points to more and more investors entering the market. Figures from on-chain analytics resource Digital Assets Data highlights December 2020 as already sparking Bitcoin’s second-largest transaction volumes. BTC transaction volume eyes record At a total of $252.37 billion for the remaining 24 hours of December may yet take the tally further still as it rivals December 2017. Other indicators, such as the size of unprocessed transactions in Bitcoin’s mempool and network transaction fees, also suggest heightened activity overall. As Cointelegraph additionally reported, wallets containing both large and …

Warren Buffett has a message to young investors: dollar-cost average into major stock market indices. However, data shows that the same strategy has worked quite well for Bitcoin (BTC) too over the past decade. The term dollar-cost averaging or DCA refers to a strategy when an investor divides up the total amount to be invested into periodic purchases of the given asset. The theory behind this investment strategy is that when an asset goes up or down, investors can benefit from both reducing the negative impact of price volatility. Buffett has long expressed his optimism towards dollar-cost averaging into stock …

Ahead of its initial public offering (IPO), Warren Buffett and Berkshire Hathaway invested in tech-cloud company Snowflake. Buffett has largely avoided tech companies for many years, investing heavily in banks. That trend is starting to change, and it might benefit Bitcoin (BTC) in the long term. Why has Buffett mostly avoided tech and is the trend shifting? Buffett has steered away from tech due to his core philosophy of value investing. Buffett likes to evaluate businesses based on cash flow, competitive advantage, and overall stability. He previously said: “The key to investing is not assessing how much an industry is …

Warren Buffett and Berkshire Hathaway substantially cut their position on Wells Fargo, selling 100 million shares. The Oracle of Omaha is continuing to trim his position in bank stocks, buoying the bull case for gold and Bitcoin (BTC). Berkshire reportedly held $32 billion in equity in Wells Fargo at one point, Fox Business reported on Sep. 5. The investment conglomerate now owns 3.3% in equity of the lender, worth just $3.36 billion. Why did Buffett cut Wells Fargo and how could it benefit Bitcoin? Throughout his career, Buffett emphasized the importance of value investing and cash flow. The investor typically …

According to Max Keiser, host of popular RT show the Keiser Report, it is only a matter of time before Warren Buffett’s Berkshire Hathaway will invest in Bitcoin (BTC). Not long ago, Buffett sold most of his positions in major banks and bought shares in Barrick Gold — a large gold mining company. For Keiser, this represents a U-turn in Buffett’s investing strategy: “This will be the beginning of a huge transition out of financials, which he dumped recently into gold. And then, therefore, he, or whoever takes his place, will soon be moving into Bitcoin.” After years of bashing …

The U.S. dollar is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs, says Max Keiser. In his latest forecast for macro, the RT host warned that safe havens would seriously outperform fiat. Buffett, he implied, knew what was coming. Keiser: Buffett “getting out of USD” “Buffett’s move into Japan, along with his gold investment, confirms he’s getting out of USD bigly,” Keiser wrote on Twitter on Monday. “USD is trending lower today, about to break key support. Bitcoin - Gold - Silver Will all make new ATH in the near term.” …

The “Buffett Indicator” is hinting that the United States’ stock market is currently at dot-com bubble levels, Yahoo Finance reported on Aug. 20. The indicator divides the Wilshire 5000 Index by the GDP of the U.S. Meanwhile, on Aug. 14, Warren Buffett-led Berkshire Hathaway invested in Barrick Gold, the second-biggest precious metal miner in the world. Some analysts said it could benefit Bitcoin (BTC) in the long term as it coincides with this stock market bubble alarm. The historical average of the indicator is 1, and before the dot-com bubble, it hovered at 1.71. Currently, the Buffett Indicator is reportedly …

Jason Williams, co-founder and partner at hedge fund Morgan Creek Digital, predicted that famous investor and business tycoon Warren Buffett will buy Bitcoin (BTC). In a tweet shared on Aug. 15, Williams pointed out some of the most recent investment decisions of the American billionaire and predicted that he will end up buying Bitcoin. Buffett sold banks and bought gold. He will buy #Bitcoin soon. — Jason A. Williams🚀 (@GoingParabolic) August 15, 2020 Williams was referring to the most recent changes to the portfolio of Berkshire Hathaway, where Buffett is chairman and CEO. Fortune reported on Aug. 14 that the …

Berkshire Hathaway, the $503 billion conglomerate led by Warren Buffett, sold Goldman Sachs for a Canadian gold company Barrick Gold. Max Keiser, the founder of Heisenberg Capital and an early Bitcoin investor, says it could help buoy BTC to $50,000. The quarterly shareholder filing of Berkshire Hathaway shows Buffett trimmed his position on most major banks, Fortune reported on Aug. 15. The firm sold a substantially large portion of its shares in JPMorgan Chase, Wells Fargo and PNG. What Buffett’s decision to enter a gold position over banks shows about Bitcoin Buffett’s decision to completely close Berkshire’s position on Goldman …

Broadcaster and renowned Bitcoin (BTC) bull Max Keiser has taken a knock on veteran investor Warren Buffett in a tweet posted on Monday. Keiser claimed that users of the popular stock and cryptocurrency trading app Robinhood had stolen Buffett’s money by capitalizing on his recent losses in the airline sector. He further suggested that the profits made on Buffett’s mistimed stock sales were being invested in Bitcoin. Stealing Buffett’s bags In early May, Buffett told shareholders of Berkshire Hathaway that he had sold all of the company’s airline stock at a huge loss due to fears that the sector would …

Warren Buffett and Berkshire Hathaway remain reluctant in spending its $137 billion cash pile. Their cautious stance towards the abrupt recovery of the U.S. stock market may spoil the recent Bitcoin (BTC) rally. The top-ranked cryptocurrency by market capitalization has long broken out of its short-term correlation with the U.S. stock market. But, a potential equities correction in the near-term raises the probability of a pullback in all high-risk and speculative assets. Bitcoin S&P 500 realized correlation. Source: Skew Technically, Bitcoin has more reasons to fall than to rise from $9,000 The Bitcoin price saw a vertical rally to $9,500 …

Warren Buffett, the fifth-richest person on the planet, has repeatedly expressed his unfriendly stance toward Bitcoin (BTC). One of the most successful investors of all time, Buffett might be killing his reputation by being that harsh to BTC, according to one industry player. Max Keiser, famous American broadcaster and known Bitcoin bull, is confident that Buffett’s highly critical stance on Bitcoin is no good for the legendary investor. Keiser argues that it’s time to leave Buffett in the past On May 2, Buffett’s Berkshire Hathaway reported a $50 billion Q1 loss, with Buffett admitting a major investor mistake. Keiser subsequently …