According to PANews, Michael Saylor, co-founder and executive chairman of Microstrategy, recently expressed criticism of Berkshire Hathaway's cash management strategy during an interview on the PBD Podcast. Saylor highlighted that the company's $325 billion cash reserve is experiencing a negative real yield of 12% annually, resulting in a loss of approximately $32 billion each year, or $3 billion monthly. He suggested that Bitcoin could serve as a superior asset management tool, offering protection against inflation and currency devaluation. Saylor urged companies with excess cash reserves to consider incorporating Bitcoin into their asset allocation strategies.
Saylor further asserted his confidence in convincing Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, to embrace Bitcoin. He boldly claimed that given an hour-long private conversation, he could persuade Buffett to acknowledge Bitcoin as a viable investment. Saylor also mentioned that even Charlie Munger, Buffett's long-time business partner, might support this perspective. Saylor's comments reflect a growing discourse on the potential role of cryptocurrencies in corporate finance and asset management.
