Important Bitcoin Statement About Berkshire Hathaway By Michael Saylor

Michael Saylor, a prominent Bitcoin advocate and founder of business intelligence giant MicroStrategy, posted a tweet about the world’s flagship cryptocurrency and one of Bitcoin’s biggest critics, Warren Buffett and his giant investor Berkshire Hathaway.

This tweet came to light after Berkshire Hathaway’s first shareholder meeting that took place earlier this week. For the first time since the company’s founding, the meeting was held without Buffett’s right-hand man and vice president, Charlie Munger. The latter died in November last year at the age of 99.

Munger was and Buffett remains a persistent critic of Bitcoin, stating that BTC is not going anywhere. Buffett once even referred to it as “rat poison squared.” However, last year, the leading cryptocurrency surprised the financial world by surpassing Berkshire Hathaway in market capitalization size and leaving it far behind.

At the time of writing this article, the market capitalization of the Buffett company amounts to $862,050 million, while Bitcoin already has $1,245,020,193,429.

Saylor tweeted that the only hope he sees for the legendary company in the investment world is Bitcoin.

In his tweet, Saylor hints that Warren Buffett should consider following in MicroStrategy’s footsteps. This company has been buying BTC steadily since August 2020.

In April, the company purchased another batch of 122 BTC with $7.8 million. This increased its overall holdings to 214,400 BTC valued at a whopping $13.22 billion on the balance sheet. Thanks to Bitcoin and money raised from shareholders to buy more, MicroStrategy’s market capitalization now stands at $21.57 billion.

In the last 24 hours, Bitcoin has managed to recover almost 7% as it suddenly rose from the price of $59,000 to $63,190, where it is changing hands at the time of writing.