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Published: Apr 13, 2023 3 min read

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Famed investor Warren Buffett says Americans should brace for more bank failures — but they shouldn’t worry about losing their deposits. He also has some (more) unkind things to say about bitcoin.

In a wide-ranging interview with CNBC on Wednesday, Buffett weighed in on the recent turmoil in the banking sector, which was sparked by the sudden collapse of Silicon Valley Bank (SVB) last month. While “we’re not through with bank failures,” the Berkshire Hathaway chairman and CEO said, “nobody is going to lose money on a deposit in a U.S. bank.”