Warren Buffett is raising concerns about the U.S. economy, warning that the dollar’s stability and purchasing power are vulnerable.
In his annual letter to Berkshire Hathaway shareholders, he cautions that irresponsible fiscal policies can rapidly devalue paper currency, a scenario the U.S. has narrowly avoided in the past. Fixed-income investments, he argues, offer little protection against such risks.
Buffett also highlights flaws in capitalism, noting that while the system remains the most effective at driving economic growth, it has become increasingly prone to abuse.
He acknowledges that throughout history, opportunists have exploited investors, yet the overall impact of American capitalism has far exceeded expectations. Despite financial mismanagement and market disruptions, he believes the country’s economic engine continues to deliver unprecedented prosperity.
Reflecting on his tenure, the 94-year-old investor signals that his leadership at Berkshire Hathaway is nearing its end.
He confirms that Greg Abel is set to succeed him as CEO and will take over writing future shareholder letters. Buffett expresses confidence in Abel’s ability to navigate investment opportunities, continuing the firm’s legacy of strategic decision-making.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Following the April 14 exploit that disrupted operations, KiloEx has revealed a compensation plan for impacted users. The plan covers three core groups: traders, Hybrid Vault stakers, and VIP users.
Ripple Labs quietly emerged as one of the largest financial backers of Donald Trump’s presidential inauguration, contributing nearly $5 million just months before federal regulators began softening their stance toward the company.
Amid rising regulatory pressure and political uncertainty in South Korea’s crypto sector, Bithumb is restructuring its business in a strategic move ahead of a planned IPO.