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The CEO of MicroStrategy, Michael Saylor has been on an interview circuit since coming out about his company’s purchase of over $425 Million in Bitcoin, through a series of trades over the last few months.
Michael has not been shy about how he arrived at his decision to move such a significant sum of cash into Bitcoin. It wasn’t until 2020 that he gave it a real look, as a means to solve the problem he had of feeling like he was sitting on a $500 Million “block of melting ice” with his cash holdings, given the current financial climate of dollar inflation by the Fed.
“MicroStrategy has recognized Bitcoin as a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash...and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.” - Michael Saylor
Here’s a clip from Michal’s interview with Rao (?), where he gives quite a colorful description of Bitcoin, claiming it may be 1000X better than Gold:
Michael announced the buy on Twitter:
You can catch a full interview with Michael Saylor by Anthony Pompliano on the Pomp Podcast, here: https://youtu.be/WrR95PFYDFQ
And you can read the article from Forbes, here: https://www.forbes.com/sites/christopherbrookins/2020/08/14/microstrategy-just-sent-green-light-to-corporate-america-on-bitcoin/#d24ac6b6bc4a
Michael has continue to show his support for Bitcoin on his Twitter feed:
And here's the tip of a nice summary thread by WillyWoo:
Will we see more companies following MicroStrategy’s lead in the months and years to come? Is Bitcoin on the road to becoming the new standard?
All eyes on 2021 to see how many Corporations in America and beyond accept the invite to follow!
