Cryptocurrency

Michael Saylor explains why Berkshire Hathaway should buy Bitcoin.

Michael Saylor Advocates for Bitcoin Over Berkshire Hathaway

Michael Saylor, the founder of MicroStrategy, a prominent advocate for Bitcoin, recently tweeted about the world’s flagship cryptocurrency and one of its biggest critics, Warren Buffett, and his investment giant, Berkshire Hathaway.

Berkshire Hathaway Shareholders Meeting

This tweet came after the first Berkshire Hathaway shareholders meeting this week, the first without Buffett’s right-hand man, Charlie Munger, who passed away last year.

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Bitcoin Surpasses Berkshire Hathaway

Warren Buffett and Charlie Munger have been vocal critics of Bitcoin, with Buffett famously calling it “rat poison squared.” Despite this, Bitcoin has surpassed Berkshire Hathaway in market capitalization, with Bitcoin standing at $1.24 trillion, compared to Berkshire Hathaway’s $862.05 billion.

MicroStrategy’s Bitcoin Investments

Saylor hinted that Warren Buffett should consider following MicroStrategy’s lead in investing in Bitcoin. MicroStrategy has been steadily buying BTC since August 2020, with a recent purchase of 122 BTC worth $7.8 million. Their total holdings now amount to 214,400 BTC, valued at $13.22 billion.

Bitcoin’s Market Recovery

Following a 7% recovery in the last 24 hours, Bitcoin is now priced at $63,190, showing promising signs of improvement.

This reimagined article sheds light on Michael Saylor’s advocacy for Bitcoin and its potential in the market.

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