Berkshire Hathaway's Moves Shake Up Stock Market and Bitcoin.
TL;DR Summary
Warren Buffett's Berkshire Hathaway dumped $13.3 billion in equities and increased exposure in cash and US Treasuries in Q1, indicating a possible collapse in risk-on asset prices. Buffett is preparing for a potential stock market crash, particularly as the US banking crisis unfolds. The increasing possibility of a global recession also risks putting downside pressure on Bitcoin, with its 100-week correlation with the Nasdaq reaching its highest level of about 0.42%. Bloomberg Intelligence analyst Mike McGlone expects that BTC price would likely be the leading indicator for a stock crash.
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