Warren Buffett's Bold Statements on Banking and Bitcoin

Warren Buffett reassures Americans that depositors in US banks are protected by the FDIC and will not lose money, despite recent turmoil in the banking industry caused by the failure of Silicon Valley Bank and other institutions. While investors may be impacted, depositors are safe. Buffett confirms that his company sold several bank stocks after spotting red flags in their earnings reports, but kept his holdings in Bank of America. He believes the system is not quite right in terms of connecting punishment to culprits.