MicroStrategy CEO: Bitcoin is a million times better than gold
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Answer MicroStrategy CEO: Bitcoin is a million times better than gold
With Bitcoin rising above $13,000 (and a few dollars below that level at the time of writing) there has been a lot of positive talk about Bitcoin and the value of investing in it.
Especially from those who have already invested in it in advance, believing that it will achieve high levels in the future, such as Mr. Michael Saylor, CEO of MicroStrategy.
Michael Saylor, CEO of MicroStrategy, said this week that his company, MicroStrategy, will hold bitcoin for 100 years.
In an interview with financial news platform Real Vision, Saylor said that when investing in Bitcoin, one always worries that he is not investing enough.
Saylor, whose company this summer invested $425 million in bitcoin, added:
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If you really get bitcoin, investing 1% of the wallet will not be enough.
Saylor adds and tells Raul Pal, former hedge fund manager and CEO of Real Vision:
Once you understand Bitcoin, you worry about being short.
When I’m in the market, I buy bitcoin four days in a row, every minute.
If it’s not 100 times better than gold, it’s a million times better than gold and nothing comes close to it.
MicroStrategy will benefit from the recent FOMO around Bitcoin, which Saylor seems to want to escalate with his recent statements.
Saylor is interested in Bitcoin and comments about it almost every day on Twitter:
Imagine a world in which everyone uses something that is just and equitable to settle their economic differences. # bitcoin
– Michael Saylor (@michael_saylor) October 24, 2020
Ditto for “Saylor” and hung About Bitcoin, describing it as a lifeboat for countries with currency collapses.
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In his last interview, he added that his company made its last investment in bitcoin due to the financial meltdown and the impact of this year’s coronavirus.
Saylor and senior company figures concluded that Bitcoin was the best long-term bet, calling Bitcoin a “An electronic beehive protected by an encrypted power wall”.
Given that the price of Bitcoin has risen above $13,000, it seems that the massive purchase of “MicroStrategy” is justified and the company has been successful in the timing of the purchase, at least for the time being.
Read also:
Bitfinex CEO: Tether “USDT” is registered and regulated
Bitcoin is the next big thing according to JPMorgan’s statement to investors
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