Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research may determine where and how companies appear. Learn more about how we make money.

Published: Apr 13, 2023 3 min read

Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services.

Picture of Warren Buffett over dollar bills background
Eddie Lee / Money; Getty Images

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.”