Warren Buffett Says US Dollar Going to Hell, Invests in Local Currencies

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Amid the de-dollarization agenda kick-started by the BRICS alliance, leading American investor and billionaire Warren Buffett hinted at the recent Berkshire Hathaway 60th annual shareholder summit on Sunday, that his investment arm is considering taking entry positions in foreign currencies, and bluntly said that the US dollar could be going to “hell”.Also Read: 24 Countries Formally Apply To Join BRICS Alliance in 2025Warren Buffett issued a warning on the stability of the US dollar, and his statements coincide with the BRICS agenda. “We would not really invest in a currency (US dollar) that is going to hell.” The billionaire added that “a currency’s value can be a scary thing,” especially when governments act without restraint.Also Read: Russia Provides Major Update on BRICS Currency LaunchBRICS: Warren Buffett Questions US Dollar’s Future, Plans to Invest in Local CurrenciesSource: economictimes.comThe ace investor criticized the US fiscal behavior calling it “alarming” and questioned the long-term strength of the dollar. Buffett then went ahead hinting that Berkshire Hathaway could take entry positions in foreign currencies next. “There could be things happening in the United States that make us want to own a lot of other currencies,” he said. Warren Buffett might not invest in BRICS currencies but could invest in the yen and not the US dollar.Also Read: BRICS: Payments in Chinese Yuan Increased to 24% in 2025The 94-year-old billionaire hinted that Berkshire Hathaway could invest in European currencies next. They might “do a lot of financing in their currency,” he noted during the shareholder summit. Warren Buffett’s confidence in the US dollar is eroding at the same time when BRICS is spearheading the de-dollarization initiative.In addition, he also condemned the tariffs saying that trade must never be weaponized by the government. “Trade should not be a weapon. There’s no question that trade can be an act of war. And I think it’s led to bad things. Just look at the attitudes it has stirred up in the United States,” he said. Even BRICS members and other nations, along with Warren Buffett are upset with tariffs that are damaging the US dollar.Source link