{"id":3012,"date":"2024-11-20T12:18:08","date_gmt":"2024-11-20T12:18:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3012"},"modified":"2024-11-20T12:18:08","modified_gmt":"2024-11-20T12:18:08","slug":"warren-buffett-destroying-3b-a-month-of-berkshire-capital-by-not-investing-in-bitcoin-says-microstrategys-michael-saylor","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3012","title":{"rendered":"Warren Buffett &#8216;Destroying $3B A Month&#8217; Of Berkshire Capital By Not Investing In Bitcoin, Says MicroStrategy&#8217;s Michael Saylor"},"content":{"rendered":"<div>\n<p><strong>MicroStrategy Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) co-founder <strong>Michael Saylor<\/strong> said that <strong>Warren Buffett\u2019s<\/strong> <strong>Berkshire Hathaway Inc.<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/BRK#NYSE\">BRK<\/a>) was destroying billions of dollars in capital by not utilizing the huge hordes of cash at their disposal to invest in <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>).<\/p>\n<p><strong>What Happened<\/strong>: During a podcast with <strong>Patrick Bet-David<\/strong>, Saylor drew attention to the company\u2019s massive <a href=\"https:\/\/www.benzinga.com\/24\/11\/41944639\/warren-buffett-breaks-6-year-streak-of-berkshire-hathaway-stock-buybacks-say-its-too-expensive\">$325 billion cash stockpile<\/a>.<\/p>\n<p>\u201cThat $320 billion.. that is destroying $32 billion a year. They are destroying $3 billion a month in capital because they\u2019re generating a 3% after-tax yield at best, and the cost of capital is 15%. So take 12% negative real yield,\u201d Saylor said.<\/p>\n<p>Having said that, Saylor expressed confidence in getting <strong>Warren Buffett<\/strong> to invest in <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>).<\/p>\n<p>\u201cI\u2019d\u00a0want to bet you\u00a0that if I had an\u00a0hour alone with Buffett in\u00a0a calm environment, I\u2019d\u00a0walk out and he would\u00a0say this Bitcoin thing is a\u00a0pretty good idea.\u201d<\/p>\n<p>Saylor was optimistic that Buffett would &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42084722\/warren-buffett-destroying-3b-a-month-of-berkshire-capital-by-not-investing-in-bitcoin-says\" alt=\"Warren\" buffett a month of berkshire capital by not investing in bitcoin says microstrategy michael saylor>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor said that Warren Buffett\u2019s Berkshire Hathaway Inc. (NYSE:BRK) was destroying billions of dollars in capital by not utilizing the huge hordes of cash at their disposal to invest in Bitcoin (CRYPTO: BTC). What Happened: During a podcast with Patrick Bet-David, Saylor drew attention to the company\u2019s massive $325 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3012","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3012"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3012\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}