Micheal Saylor, the executive chairman of MicroStrategy has lashed out at Charlie Munger and other elite Western business leaders who are critical of Bitcoin, accusing them of not taking time to study it.
Charlie Munger, the Berkshire Hathaway boss, has broadly criticized cryptocurrencies, calling them avenues for "gambling."
However, said Saylor, "If [Munger] were a business leader in South America, or Africa, or Asia, and he spent 100 hours studying the problem, he would be more bullish on bitcoin than I am."
Yesterday, Saylor’s MicroStrategy booked a Q4 impairment charge of $197.6 million on its bitcoin holdings, which now total 132,500 bitcoins.
