- Saylor views Bitcoin as a rising tide lifting all boats, including MicroStrategy’s Bitcoin-focused strategy.
- Compares it to trillion-dollar asset classes like Apple, Google, and Microsoft.
- Bitcoin competes with gold, S&P 500, and real estate.
MicroStrategy co-founder Michael Saylor is a big believer in Bitcoin and believes that the recently approved spot Bitcoin ETFs will lead to a significant inflow of institutional capital into the Bitcoin ecosystem.
Bitcoin: The Superior Store of Value
Saylor said that Bitcoin is a “rising tide” that will “lift all boats” and that MicroStrategy’s “levered operating strategy” for Bitcoin positions the company to benefit from this trend.
He pointed out that Bitcoin is now a trillion-dollar asset class, competing against gold, the S&P 500, and real estate as a store of value.
The U.S. Securities and Exchange Commission approved Bitcoin ETFs.
SEC Chair Gary Gensler clarified to CNBC that the approvals didn’t mean endorsing the digital asset.
“As we like to say, we’re merit-neutral,”
Gary Gensler
MicroStrategy, has gathered over 190,000 BTC valued at around $10 billion.
Saylor, the CEO, has taken an unconventional approach in how he and MicroStrategy invest in Bitcoin.
“I’ve famously said, I’m going to be buying the top forever,”
Micheal. J Saylor
“Bitcoin is the exit strategy, it is the strongest asset, so what we see right now is that Bitcoin just emerges as a trillion-dollar asset class. And it’s alongside names like Apple, Google and Microsoft.”
Micheal. J Saylor
Saylor believes that Bitcoin is superior to these asset classes. So this capital will continue to flow out of them into Bitcoin. “There’s just no reason to sell the winner to buy the losers,” he said.
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