[US Morning Briefing] Warren Buffett is retiring… Why did he warn about the long-term value of the US dollar?

Welcome to the US Cryptocurrency Morning Briefing. We'll briefly summarize today's key cryptocurrency developments.

Prepare a cup of coffee to view the market from the perspective of traditional finance and cryptocurrency experts. As traditional financial channels become more established, Bitcoin (BTC) is unintentionally benefiting from traditional financial issues.

Today's Cryptocurrency News... Max Keiser Says Bitcoin and Sailors Are the Future

Warren Buffett considered stepping down as CEO of Berkshire Hathaway while making his ultimate statement about Bitcoin.

Pending board approval, Buffett will step down by the end of the year, and Greg Abel, vice president of non-insurance operations, could become Berkshire's new leader.

This fact was revealed at the Berkshire Hathaway annual shareholders meeting on May 3, 2025, and Buffett also warned about the long-term value of the US dollar.

He mentioned that all systems ultimately devalue currency. According to Warren Buffett, government decisions depreciate the value of paper money over time.

"Eventually, when people control the currency, they can and will issue paper money," Buffett said to shareholders in Omaha.

Without mentioning alternatives like Bitcoin, the 93-year-old investor warned about holding assets denominated in currencies systematically devalued by government policies.

"The natural tendency of governments is to reduce the value of currency over time... Some areas depreciate at an amazing speed... That's not evil, it's their job," he added.

The investment icon said that if his late partner, Charlie Munger, had to choose a second field besides stocks, he would have invested in foreign exchange.

This statement suggested openness to non-traditional assets. Bitcoin advocate and broadcaster Max Keiser reacted to this statement in an interview with BeInCrypto.

Max Keiser interprets Buffett's remarks as an implicit acknowledgment of Bitcoin theory.

"Michael Saylor, chairman and co-founder of MicroStrategy, is the Warren Buffett of the 21st century. He saw what Buffett explained and tailored his strategy accordingly," Keiser began.

Keiser has long criticized the fiat currency system and central banks. The Bitcoin pioneer contrasted Saylor's Bitcoin-centric investment approach with Buffett's traditional finance (TradFi) dependence.

"Warren Buffett built an empire by printing money. Most of his holdings were in banks, insurance companies, and financial services," Keiser claimed.

According to his view, Buffett gained political influence in Washington, especially during the 2008 financial crisis. During this period, Keiser says his [Buffett's] investments in Wall Street institutions aligned with government-led bailout efforts.

Buffett's Well-Documented Role in the 2008 Financial Crisis

During the market downturn, Berkshire Hathaway invested heavily in companies like Goldman Sachs and Bank of America (BofA), which was praised as a stabilizing force.

Meanwhile, Michael Saylor took a completely different approach. Under his leadership, MicroStrategy (now Strategy) began purchasing Bitcoin as part of its corporate financial strategy in 2020, citing concerns about long-term fiat currency depreciation.

As of early 2025, the company holds over 200,000 BTC, worth billions of dollars at current market prices. Recent US cryptocurrency news publications revealed one of Strategy's latest Bitcoin purchases.

Buffett has long criticized Bitcoin, calling it "rat poison squared" in 2018. However, some in the digital asset space interpreted his recent statements about currency depreciation as aligning with core arguments raised by Bitcoin supporters.

His statements indicate concerns about US fiscal policy.

His remarks suggest that even if he doesn't like Bitcoin, he clearly understands why it exists. Sentiments on X (Twitter) showed that community members took notice.

Reactions raise questions about why Buffett wouldn't support Bitcoin as a solution if he understands money and its flaws.

"Warren Buffett talks about the virtues of Bitcoin without mentioning Bitcoin," a user on X joked.

Meanwhile, others are hoping that Buffett's potential CEO successor might lead Berkshire Hathaway in a different direction and potentially adopt Bitcoin.

A Berkshire Hathaway spokesperson did not immediately respond to requests for comment on Keiser's statements.

Elsewhere, in line with Buffett's foreign exchange remarks, QCP Capital analysts note a surprising 8% rise in the Taiwan dollar (TWD) on Monday.

Analysts mention this is the most dramatic movement of TWD in decades, accompanied by rises in other APAC currencies with strong current account surpluses. According to analysts, speculation about a potential US-Taiwan trade agreement drove this rise, and insurers' hedging flows also made the 1-year NDF spread the widest since 2008.

While Taiwan's trade surplus supports the TWD, capital outflows have historically balanced it. This change reflects past foreign exchange fluctuations like the 2023 Japanese yen carry unwind.

In cryptocurrency, this movement suggests future macroeconomic volatility as gold rises by 3% and Bitcoin faces a binary path linked to global capital flows and trade diplomacy.

"In a market with weakening correlations, foreign exchange can once again become a harbinger of macroeconomic risk." – QCP Analysts

Today's Chart

The chart shows the US Dollar Index (DXY) trend from 2025, reflecting the US dollar's value changes against a major currency basket. It showed a decline from February to May, with a recent slight recovery.

Today's News

Summary of notable cryptocurrency news today:

• Powell's statements at the FOMC press conference could significantly impact the market, with analysts having diverse opinions about his statements' influence.
• XRP's average daily spot trading volume in Q1 2025 reached $3.2 billion, exceeding $16 billion due to strong institutional and retail demand.
• A new draft discussion introduces a framework to reduce market concentration and promote innovation. The bill clarifies jurisdiction between SEC and CFTC, emphasizes decentralized systems, and provides regulatory clarity for digital asset markets.
• Speculation increases about XRP price suppression, mentioning Ripple's large token holdings and monthly sales.
• Cantor Fitzgerald's Tether reserve management significantly reduced transparency concerns, Tether growing from the largest liquidity risk in cryptocurrency to a stable institutional investment.
• Bitcoin briefly outperformed stocks in April 2025, suggesting suggesting potential as a macro hedge, but resynchronized with stocks by month-end.
• Gemini listed Ripple's RLUSD stablecoin, enabling trading, deposits, and withdrawals, marking an important milestone in adoption.
• Kenya's High Court ruled that Worldcoin violated privacy, ordering deletion of biometric data collected from users.
• Pump.fun surpassed Ethereum in 2025 fee revenue, earning $296.1 million and leading the weekly chart for 9 weeks.

Cryptocurrency Stock Pre-Market Overview