Why Did Warren Buffett Sold 13% of his Apple Stocks?
Warren Buffett, the richest and most successful investor in history, is selling some of his stocks. Specifically, he is selling 13% of his Apple shares. This suggests he might be gradually exiting the stock market. But why? Buffett is known for his keen insights, so he may see something we don't.
Buffett has always been critical of Bitcoin, calling it "rat poison squared." He also disliked gold, referring to it as a "store of fear" rather than a store of value. However, his stance seems to be shifting. He is now buying gold, investing half a billion dollars in Barrick Gold.
It appears Buffett is selling stocks and buying gold due to a weakening dollar. This move raises questions: Does it mean Bitcoin and other cryptocurrencies will become more attractive and valuable? Only time will tell, but Buffett's actions suggest he is preparing for significant economic changes.