Bitcoin is less risky than gold

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Michael Saylor, the CEO of MicroStrategy, which is spoken by everyone in the business world, defended his company to invest in Bitcoin. “Holding Bitcoin is far less risky than holding cash or gold,” commented the successful CEO.

Recently, a Bitcoin statement came from CEO Michael Saylor at MicroStrategy, the corporate software manufacturer company, which has been talked about with a Bitcoin investment of approximately $ 500 million. Saylor stated that the monetary policy implemented by the FED to reduce inflation has made the company sure in its strategy of investing all its money in Bitcoin.

Michael Saylor, the CEO of MicroStrategy, which is spoken by everyone in the business world, defended his company to invest in Bitcoin. “Holding Bitcoin is far less risky than holding cash or gold,” commented the successful CEO.

Before the Covid-19 crisis, Saylor watched Tysons Corner invest about $ 500 million in US government bonds, and then began to question traditional monetary policies after the virus crisis dropped revenues. According to Saylor, asset inflation will reach or even exceed 20 percent a year and purchasing power will decrease significantly:

“We realized that all of our profit-loss calculations were insignificant, with the treasury return going above 10 percent negatively. We thought we were sitting on a melting ice of 500 million dollars ”

“Gold goes the opposite of Bitcoin”

Stating that MicroStrategy is investing in buyback stocks and is also considering investment in real estate, Saylor stated that the commercial market is in shambles with the coronavirus crisis and commented, “Gold is still being mined, but unlike the limited number of Bitcoin, future returns are reduced …”

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With all this mentality, MicroStrategy became the first publicly traded company to hold the lion’s share of the BTC treasury, with a large Bitcoin investment this summer. The company, which announced that it purchased $ 250 million of Bitcoin in August, made an additional $ 175 million investment on September 15. According to the latest statements, it seems that the company’s purchases will continue.

MicroStrategy’s transition to Bitcoin was much easier than most companies could have done. Saylor, the founding partner of the company when he was only 24 years old in 1989, holds 73 percent of the voting shares. Saylor also owns about 25 percent of the company’s assets… MicroStrategy went public in 1998.

“Other companies will also take this path”

Saylor predicts that in the next 3 to 6 months, many private and public companies will follow their own path:

“Probably private companies will go this route first. Because they are generally less lazy than others. Later, public companies of our size will be followed by medium-sized companies.


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