Warren Buffett’ Index Predicts Stocks Crash — How Will Bitcoin React?
The “Buffett Indicator” has hit levels unseen since the dot-com bubble, and Bitcoin could see a major reaction in the event of a major crash in stocks.
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.
Readmore: https://cointelegraph.com/news/warren-buffett-index-predicts-stocks-crash-how-will-bitcoin-react