When Warren Buffett speaks, people pay attention.
Because one, he rarely does interviews. And two, the markets are now looking for a silver lining during geopolitical uncertainties.
And who is a better voice for market sentiments than Buffett?
Widely regarded as one of the most successful investors in history, the "Oracle of Omaha" led Berkshire Hathaway for nearly six decades until 2025.
Under his leadership, the company transformed from a struggling textile business into a trillion-dollar conglomerate spanning insurance, energy, and technology. Buffett's disciplined, long-term investing approach has made him a defining voice in global financial markets.
In one of his latest interviews, Buffett is signaling caution and opportunity in equal measure amid market uncertainty.
Related: Warren Buffett's last day as Berkshire CEO puts focus back on rare asset
Buffett waits for market drop to deploy war chest
Berkshire is currently sitting on more than $350 billion in cash and Treasury bills.
Buffett recently revealed during an exclusive interview with CNBC that the firm added $17 billion in Treasury bills in a single week, reinforcing its preference for liquidity amid uncertain conditions.
However, the cash pile is not idle.
"If there is a big decline, we will deploy,"Buffett said.
He emphasized that investment decisions will be driven by value rather than short-term market timing.
The strategy aligns with Buffett's long-standing philosophy of buying quality businesses and holding them for decades. American Express and Occidental Petroleum are prime examples of this approach, where holding periods are measured in decades rather than quarters.
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Crypto skepticism persists
But crypto firms should hold their horses before rejoicing about Buffett's warchest.
Despite evolving financial markets, Buffett has been firmly skeptical of cryptocurrencies. He once described Bitcoin (BTC) as " rat poison squared " and a "gambling token," and hinted at his deep-rooted distrust toward digital assets.
He once reportedly told Yoni Assia , founder of Israeli e-trading firm eToro, which offers cryptocurrencies like Bitcoin, to focus more on stocks rather than crypto.
Berkshire also has very limited exposure to crypto-linked firms. The company once held a position in Nu Holdings, the parent of Nubank. But it fully exited the investment in early 2025, securing an estimated $250 million profit.
Related: Buffett Doesn't Like Crypto; Invests in a Firm Exposed to Bitcoin
Markets rebound on geopolitical optimism
Markets showed signs of recovery on March 31, driven by optimism surrounding easing tensions in the Middle East. Reports suggesting a potential end to the U.S.-Iran conflict lifted investor sentiment across asset classes.
The Dow Jones Industrial Average surged over 1,000 points, while the S&P 500 and Nasdaq Composite gained 2.5% and 3.4%, respectively.
Crypto markets also moved higher. Bitcoin traded near $67,700. Crypto markets followed the risk-on momentum. Bitcoin (BTC) rose 1.8%, trading near $67,721, while Ethereum climbed 3.5% to around $2,098. XRP gained 1% to $1.34, and Solana edged up 0.3% to approximately $82.77.
Crypto-related equities also posted notable gains. Coinbase jumped 8.8%, while Robinhood rose 6%, and Strategy added just over 2%.
The rally came after weeks of volatility tied to rising oil prices and geopolitical uncertainty. Reports indicating that diplomatic solutions may be emerging helped shift markets into a risk-on mode, at least temporarily.
However, despite the sharp gains, underlying uncertainty remains. The crypto fear and greed index is still hovering at "Extreme Fear," and on Tuesday, it was at 11.
Related: US national debt surges to $38 trillion as Iran war shadows FOMC decision
This story was originally published by TheStreet on Mar 31, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
