Berkshire Hathaway (NYSE:BRKa), the $503 billion conglomerate led by Warren Buffett, sold Goldman Sachs (NYSE:GS) for a Canadian gold company Barrick Gold (NYSE:GOLD). Max Keiser, the founder of Heisenberg Capital and an early Bitcoin investor, says it could help buoy BTC to $50,000.
The quarterly shareholder filing of Berkshire Hathaway shows Buffett trimmed his position on most major banks, Fortune reported on Aug. 15. The firm sold a substantially large portion of its shares in JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC) and PNG.