Saylor on Buffett: I need an hour

When will Bitcoin rise above $100,000? The chances are good that it will happen in the next day. But for crypto bulls like Michael Saylor, that’s not all. The head of MicroStrategy is sure: Even Warren Buffett would buy if he only heard the right arguments.

Of course Saylor would have the arguments ready. “If I had an hour alone with Buffett in a quiet environment, that would be enough,” said the manager in the PBD Podcast. “Buffett would say afterwards: Charlie (Munger, editor’s note) would have liked it, we’ll buy a few Bitcoins.”

Saylor has zero understanding of Buffett’s strategy of endlessly hoarding cash. “They are destroying $3 billion of capital owned by shareholders every month. At best, you achieve an after-tax return of three percent, while the cost of capital is 15 percent. That results in a real negative return of twelve percent.”

Buffett has continued to sell Apple shares massively in recent months and also reduced other positions. Berkshire Hathaway’s cash mountain has risen to $325 billion. The market is faced with the puzzle – the most logical explanation: Buffett, who will be 95 next year, is largely making room for his successor in his portfolio.

Saylor, however, continues to put every cent into Bitcoin. MicroStrategy currently owns 331,200 Bitcoins – currently worth $31.1 billion. The market value is 97 billion dollars. However, MicroStrategy has been valued at a hefty premium to Bitcoin for many months – but investors have continued to buy the stock.