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Michael Saylor praises Warren Buffett amid his retirement announcement

Michael Saylor, the CEO of MicroStrategy, described Berkshire Hathaway as the "Bitcoin of the 20th century" during the company's annual shareholder meeting on Saturday.

This statement coincided with Warren Buffett's announcement of his retirement as CEO of Berkshire at the end of the year, concluding a 60-year tenure in his position.

Buffett confirmed that Vice Chairman Greg Abel will take over as CEO starting in 2026.

Despite his retirement, the 94-year-old billionaire stated that he will retain his shares and continue to participate in some company affairs, according to CNBC.

Under Buffett's leadership, Berkshire Hathaway achieved a compound annual return of 20% from 1965 to 2024.