$BTC
MicroStrategy: Preparing to Convince Buffett to Buy $325 Billion in Bitcoin
Warren Buffett, the stock god, uses the $325 billion cash reserve of his company Berkshire Hathaway to buy Bitcoin. He pointed out at the Microsoft shareholders meeting that if Microsoft adopted a Bitcoin strategy, its profits could increase.
Saylor criticized Buffett's Berkshire Hathaway in a podcast interview on November 18, arguing that its cash management strategy has problems. He emphasized the inefficiency of Berkshire's $325 billion cash reserves, claiming that this cash reserve can only generate a maximum of 3% after-tax returns while facing a 15% capital cost.
He pointed out that these cash reserves can only generate a maximum of 3% after-tax returns while facing a 15% capital cost, resulting in a negative real yield of 12%, equivalent to an annual loss of $32 billion in shareholder value.
He also quoted Buffett's late business partner Charlie Munger to enhance his persuasiveness: "If I could spend an hour alone with Buffett in a quiet environment, I am confident he would change his view on Bitcoin."
The old man is awesome
