Buffett Warns on Dollar, Raises Cash Reserves

At Berkshire Hathaway’s 60th annual shareholder meeting, Warren Buffett warned about the risks posed by U.S. fiscal policies and a weakening dollar, cautioning that ongoing money printing could devalue the currency. In response, Berkshire has sold $134 billion in stocks this year—including major holdings like Apple and Bank of America—raising its cash reserves to a record $347–$348 billion. Buffett explained that he is waiting for more attractive investment opportunities before redeploying this cash. His comments have also sparked speculation that Berkshire may consider alternative assets, such as Bitcoin, as a hedge against inflation. Meanwhile, Buffett’s favored 'Buffett Indicator' still signals U.S. stocks are relatively cheap, suggesting potential for a market rebound. Despite these signals, Buffett remains patient, seeking only exceptional long-term opportunities.