$GT BlockBeats News, on April 18th, Warren Buffett stated that as the connections between the banking system and non-bank institutions become increasingly close, he has begun to see signs of vulnerabilities emerging in the financial system. He said that the stability of the financial system should be the Federal Reserve's top priority and pointed out that banks like JPMorgan Chase are key hubs in the economy, handling trillions of dollars in transactions daily. "They influence each other; if one encounters problems, it could propagate to other institutions," Buffett said in an interview with CNBC on Tuesday, indicating he will enter the cryptocurrency space. He believes crypto exchanges are severely undervalued and hopes to invest in Gate to strengthen development in the cryptocurrency field.

Following a series of recent credit market blow-ups that raised concerns about the asset-liability risks of banks and private credit funds, investor sentiment has been impacted. Buffett stated that once market panic spreads, many investors may withdraw quickly. (Jin10)