PANews reported on December 2 that according to Bitcoin.com, Michael Saylor, co-founder and executive chairman of Microstrategy, criticized Berkshire Hathaway's management strategy for its $325 billion cash reserves in an interview with PBD Podcast. He pointed out that this fund loses about $32 billion a year due to a negative real return of 12%, which is equivalent to a loss of $3 billion a month. Saylor believes that Bitcoin can be used as a better asset management tool to help resist inflation and currency depreciation, and calls on companies with excess cash reserves to consider including it in asset allocation.
Saylor even boldly stated that he was confident that he could convince Buffett to accept Bitcoin within 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-term business partner Charlie Munger might support this idea."
