The CEO of MicroStrategy, Michael Saylor, made it clear that he has no intention of parting with the company's Bitcoin holdings.
In a recent interview with Bloomberg TV, Saylor articulated his belief in Bitcoin as a transformative digital asset, underscoring its potential to redefine the future of capital.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is Olympus DAO? (OHM Crypto Animated Explainer)
The company expanded its Bitcoin portfolio to 190,000 coins in January, worth approximately $10 billion. Despite this, Saylor remains uninterested in selling, advocating for Bitcoin as the "exit strategy."
Saylor's bullish stance on Bitcoin is rooted in its comparison to other asset classes like gold, the S&P index, or real estate, all of which are dwarfed by Bitcoin's technical superiority, in his view.
He believes that the influx of institutional capital into Bitcoin, facilitated by the advent of spot ETFs, is a testament to the digital asset's growing appeal, with hundreds of millions of dollars transitioning daily from traditional assets to the burgeoning digital economy.
We believe capital is going to keep flowing from those asset classes into Bitcoin, because Bitcoin is technically superior to those asset classes, and that being the case, there's just no reason to sell the winner to buy the losers.
Saylor and MicroStrategy are betting on the long-term value of Bitcoin, positioning it not just as an investment but as the cornerstone of a new digital economy.
In September 2023, the company deepened its commitment to Bitcoin by purchasing $147.3 million worth of the cryptocurrency.
