Pro-XRP attorney John Deaton recently compared Michael Saylor, co-founder of Strategy, to legendary investor Warren Buffett. Deaton, who previously ran an unsuccessful campaign against crypto critic Elizabeth Warren in the Massachusetts Senate race, claims that Saylor is positioning himself to become as dominant in the Bitcoin space as Buffett is in the U.S. economy.
Drawing parallels to Berkshire Hathaway’s massive financial footprint, Deaton highlighted a JPMorgan report stating the firm now holds 5% of the entire U.S. Treasury bill market. Berkshire’s $314 billion cash reserve is largely allocated to T-bills, making it the fourth-largest T-bill holder globally—surpassing even some central banks. This massive cash stockpile is seen as a strategic reserve that could be deployed during a financial crisis or black swan event.
Similarly, Saylor's Strategy continues to aggressively accumulate Bitcoin, recently increasing its holdings to nearly 570,000 BTC. Deaton speculates that Saylor aims to control 5% of the total Bitcoin supply, a move that would cement his influence over the crypto asset’s future.
The comparison between Saylor and Buffett is more than symbolic. While Buffett has long criticized Bitcoin as speculative and unproductive, Saylor has become one of its most vocal advocates. His company's accumulation strategy is viewed by many as a long-term bet on Bitcoin as a store of value and hedge against inflation.
As institutional adoption grows and crypto regulation continues to evolve, the influence of figures like Saylor may shape the digital asset landscape for years to come. His bold strategy mirrors the aggressive capital deployment that made Buffett a financial titan—only this time, it's in the digital economy.
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