Michael Saylor: Confident in persuading Buffett to buy Bitcoin
ChainCatcher news, according to Bitcoin.com, MicroStrategy Executive Chairman Michael Saylor criticized Berkshire Hathaway's cash management strategy on the PBD Podcast.
He pointed out that Berkshire's $325 billion cash reserve earns a maximum of 3% after-tax returns, but faces a 15% cost of capital, resulting in a monthly loss of about $3 billion in shareholder value. Saylor expressed confidence that he could convince Buffett to invest in Bitcoin within an hour and believes that the late Charlie Munger would also support this decision.
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