- Michael Saylor has always been optimistic about Bitcoin and often expresses his opinions regarding cryptocurrency and its potential.
- He does not like Gold, as it can not be developed or rented, unlike real estate, he highlighted recently.
- MicroStrategy is a publicly-traded company holding the largest Bitcoin having around $121k BTC worth around US$4.9 billion.
MicroStrategy CEO Michael Saylor has recently expressed his views regarding Bitcoin and why it is the best store of value.
The NASDAQ-listed business intelligence company MicroStrategy is constantly accumulating Bitcoin (BTC), and the CEO has emerged to be one of the popular vocal supporters of Bitcoin. The last Bitcoin purchase that the firm made was in February, which signified that the firm is Holding around 125,051 Bitcoins.
The firm remains to be a publicly-traded company having the largest Bitcoin holdings globally. Michael Saylor often takes to his Twitter account to express his views on Bitcoin. He tweeted only last week, highlighting we are lucky to have Bitcoin.
In a recent podcast, the MicroStrategy CEO expressed why he prefers Bitcoin over Gold, saying he can create more real estate in New York City. He can create more cars, more luxury, more watches, more Gold, more bonds, and more shares of stock. Further noting that all of these are the ones he can create more and that they are commodities. But contrasting to these, Bitcoin is magical because there will be only 21 million tokens, and no one can make more of them once they are all mined.
Very recently, talking to a nonprofit organization, he also spoke about the advantages of Bitcoin over other major stores of value. Michael Saylor opined he does not like Gold because it can not be developed or rented, unlike real estate.
According to him, real estate is a better idea. If your grandmother or grandfather were smart enough to buy a real estate property in the city of New York, and it still exists in the family, you’re probably doing okay.
Though he noted that real estate has its limitations, for instance, it is not always liquid and is not at all portable.
He further called Bitcoin to be an American dream, if your property is not safe out of the country and it’s not safe in your country. And to this, he answered that you could go to cyberspace and referred to Bitcoin.
Michael Saylor is one of the most notable supporters of Bitcoin (BTC). He has often been vocal about the potential benefits of cryptocurrency and cites it to be one of the best investments.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.