That aside, Warren Buffett; Stablecoin issuers hold more US debt than Berkshire Hathaway According to Cointelegraph
Crypto Biz: Leaving aside, Warren Buffett; Stablecoin issuers hold more US debt than Berkshire Hathaway
Warren Buffett raised an eyebrow this week when his company, Berkshire Hathaway (NYSE:), raised exposure to US Treasury bills. If you’re one of the few bulls left out there, Buffett’s flight to safety is worrisome as it signals that Omaha’s Oracle (NYSE:) would rather get a 3% yield instead of play on the stock market. If the stock goes up in the fall, like I’ve been predicting for monthswait (BTC) to follow.
Looking at the numbers, Berkshire’s T-bill issuance rate rose to $75 billion at the end of June, up from $58.5 billion at the beginning of 2022. Still, even with a spike of 28 %, Berkshire doesn’t hold many T-bill investments as the top issuer of stablecoins. Stablecoins currently have a market cap of $153 billion and a large portion of their support comes from T-bill. This is just another reminder that stablecoins are serious business.