MicroStrategy and Bitcoin have become inseparable as the firm invested heavily in the digital asset last year.
Michael Saylor says tech stocks are “not good as” Bitcoin.
MicroStrategy CEO is highly Bullish on Bitcoin.
Michael Saylor, the CEO of MicroStrategy, has been highly vocal about Bitcoin as his firm became the first publicly-traded company to diverge its investments to cryptocurrency. The crypto loving CEO has talked about Bitcoin in full fervor at various avenues.
In the latest interview with MMcrypto’s Chris Jasczynski, Michael Saylor said that Bitcoin has immense investment potential in the long term. He further indicated that none of the tech stocks he invested in the early stages looks as good as Bitcoin. He elaborated that he was an early investor in Facebook, Google, PayPal, eBay, Amazon, but none of the tech stocks seemed as profitable as Bitcoin even though he gained a lot from the tech stocks.
In a recent interview with Morgan Creek CEO Anthony Pompliano, he said that cash is thrash and one is a fool to sit on cash.
While high institutional investments in Bitcoin boosted the price of a cryptocurrency, it has begun to garner a lot of mainstream attention. Stressing on the fact that fiat currencies are losing their worth, Michael Saylor rallied for corporations to go the MicroStrategy way and invest in Bitcoin. Inflation, uncertain economic conditions, and socio-political conditions have impacted the worth of national currencies badly. On the other hand, digital assets like Bitcoin are not controlled by any government, thus providing a safe hedge against market risks. By the end of 2020. MicroStrategy had hodled around 70470 Bitcoin totaling $1.125 Billion at that time.
Michael Saylor wants to motivate other corporations to invest in Bitcoin like MicroStrategy and is ready to educate them on adding Bitcoin to their corporate balance sheets. He announced a special “Bitcoin for Corporations” program in which he is inviting companies to learn how to buy bitcoin. Leading names in the Bitcoin industry would join Michael Saylor in the first week of February for an online event detailing how companies can include Bitcoin in their reserves.
Bitcoin aficionado CEO is leaving no stone unturned in helping the digital asset gain mainstream attention.
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