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Saylor Is Bitcoin's Buffett, Pro-XRP Lawyer Claims
In a recent social media post, pro-XRP lawyer John Deaton has drawn a comparison between Strategy co-founder Michael Saylor and Berkshire Hathaway CEO Warren Buffett
The XRP advocate, who unsuccessfully tried to defeat crypto skeptic Elizabeth Warren in the Massachusetts Senate race last year, believes that Saylor is trying to become as influential in Bitcoin as the "Oracle of Omaha" is in the U.S. economy
Deaton has pointed to the fact that Berkshire Hathaway now owns 5% of the entire U.S. Treasury bill market. Such a stunning mate was recently made by banking giant JPMorgan
Berkshire Hathaway's massive $314 billion stockpile is parked primarily in T-bills
The conglomerate is the fourth-largest holder of T-bills globally, surpassing some foreign banks
The massive cash pile could be potentially deployed during a major black swan event
Meanwhile, Strategy keeps aggressively buying more coins, recently expanding its total holdings to nearly 570,000 coins
Deaton believes that Saylor wants to ultimately control 5% of all coins in circulation