Michael Saylor, the founder and chairman of MicroStrategy, shared his views on the future of Bitcoin and the threats posed by traditional financial instruments.
Michael Saylor on His Bitcoin Investments
Saylor, who holds approximately $54 billion worth of Bitcoin through his company, stated that he has no plans to sell despite his 70% gain on paper.
Bitcoin as an Asset Class
Saylor reiterated his long-term confidence in Bitcoin, saying, “I will continue to buy from the top. Bitcoin is my exit strategy.” He referred to Bitcoin as now becoming a trillion-dollar asset class, in the same league as giants like Apple, Google, and Microsoft. However, he pointed out a key difference: “BTC is not a company, it’s an asset class. The capital structure of companies isn’t large enough to accommodate trillions of dollars in savings.”
Bitcoin and Traditional Assets
Saylor highlighted that Bitcoin competes not only with technology giants but also with traditional store of value instruments such as gold, the S&P index, and real estate, asserting that Bitcoin is technically superior compared to these asset classes. He concluded: “There is no reason to sell the winners and buy the losers.”
Michael Saylor's position on Bitcoin reflects his confidence in the future of this asset, which he views as a stable investment with high growth potential.
