Michael Saylor: Confident in persuading Buffett to buy Bitcoin
According to reports, MicroStrategy CEO Michael Saylor criticized Berkshire Hathaway's cash management strategy on the PBD Podcast.
He pointed out that the $325 billion in cash reserves held by Berkshire yields a maximum of 3% after-tax return but faces a 15% capital cost, losing about $3 billion in shareholder value each month. Saylor expressed confidence that he could persuade Buffett to invest in Bitcoin within an hour and believed that the late Charlie Munger would also support this decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BH Macro corrects disclosure on Aug. 7 buyback of 5,454 sterling shares at GBP 4.19
The Ultra-Rich Fear Inflation Now. What Are They Buying?
Crypto prices
More
