Michael Saylor, CEO of MicroStrategy and Bitcoin Pioneer was on CNBC yesterday. Here’s what he had to say on Bitcoin. Michael thought Bitcoin wasn’t volatile pending your investment time horizon, but mentioned price was up to 100% for the last 10 years. He also thought that Bitcoin is going to have a great 2021.
Michael was also asked about how his employees felt about MicroStrategy buying up so much Bitcoin because Bitcoin was going to make or break the company. He mentioned his employees were happy with the company integrating with Bitcoin because digital monetary is the future.
Michael also thought that Bitcoin is the ideal institutional safe-haven asset and that it will flip gold. He then went on to say, something very bold… that after Bitcoin replaces gold it will become the monetary index that replaces stock indexes like the S&P 500 the Dow the bond index.
Source:
https://twitter.com/PowerLunch/status/1352703478985089024
- PowerLunch
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