PANews December 2 news, according to Bitcoin.com, Microstrategy co-founder and executive chairman Michael Saylor criticized the management strategy of Berkshire Hathaway's $325 billion cash reserves in an interview with PBD Podcast. He pointed out that this fund loses about $32 billion each year due to a 12% negative real yield, equivalent to a monthly loss of $3 billion. Saylor believes that Bitcoin can serve as a better asset management tool, helping to hedge against inflation and currency devaluation, and calls on companies with excess cash reserves to consider incorporating it into their asset allocation.
Saylor boldly stated that he is confident he could persuade Buffett to accept Bitcoin in an hour. He said, 'If I could talk to Buffett alone for an hour, he would admit that Bitcoin is a good idea. Even Buffett's long-time business partner Charlie Munger might support this idea.'
