Michael Saylor on buying bitcoin forever, Biden’s crypto order and more: CNBC Crypto World
SPEAKER: Michael J. Saylor
Chairman and CEO, MicroStrategy
#Bitcoin #BTC #Microstrategy
MicroStrategy is the largest corporate owner of bitcoin, now holding 121,044 BTC worth about $3.6 billion at an average purchase price of roughly $29,534 each. CEO Michael Saylor shares insights into his vision and buying strategy for bitcoin, discussing the potential impact of inflation and regulation. “I think eventually, bitcoin as an asset class becomes a $100 trillion asset class,” Saylor said. “It replaces gold … bond portfolios … why can’t it grow by a factor of 100?”
In August 2020, MicroStrategy commenced with the bold defensive move to invest significant treasury assets in Bitcoin in response to inflationary pressures. Since then, MS has strategically enhanced their holdings to become the largest corporate owner of Bitcoin and just last week announced an additional $ 414 million purchase.
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