Michael Saylor Says He Could Convince Buffett to Buy Bitcoin Through Berkshire Hathaway

MicroStrategy co-founder and executive chairman Michael Saylor criticized the cash management strategy of Warren Buffett's company Berkshire Hathaway in a recent interview with PBD Podcast. Saylor highlighted the inefficiency of Berkshire's $325 billion cash reserve, which he believes can only generate a 3% after-tax return at best, while facing a 15% cost of capital. According to Saylor, the resulting negative real return of 12% is equivalent to a loss of shareholder value of $32 billion per year. Microstrategy, especially under Saylor's leadership, has strongly advocated for the adoption of Bitcoin as a financial asset. Saylor believes that BTC has unique advantages, such as protection against inflation and currency depreciation, and encourages companies with excess cash reserves to consider it as part of their financial strategy. However, he acknowledged that each business has unique financial goals, risk tolerance, and regulatory considerations, so universal advice is not practical. Saylor speculated that even traditionalists like Warren Buffett could be persuaded to accept Bitcoin. He quoted Buffett's late business partner Charlie Munger in the podcast: "I bet if I spend an hour alone with Buffett in a calm environment, when I walk out he'll say Bitcoin is a good idea. Charlie (Munger) will like it. We're going to buy some." (Bitcoin.com)