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Michael Saylor, the former CEO of MicroStrategy, has made a bold declaration of faith in Bitcoin, choosing not to sell any of the company’s substantial holdings, amounting to 190,000 bitcoins valued at approximately $10 billion. This decision comes despite the company’s significant profit, given that these bitcoins were acquired at an average price of $31,224 each. In a Bloomberg TV interview, Saylor highlighted Bitcoin’s superiority over traditional assets like gold, real estate, and the S&P index, emphasizing its role as a cornerstone in the burgeoning digital economy.
Saylor’s strategy is reinforced by the role of spot ETFs in drawing institutional capital into Bitcoin, marking a pivotal shift towards digital assets. With Bitcoin’s market cap exceeding a trillion dollars, Saylor argues for its unmatched potential, steering clear of selling the asset. This approach not only cements MicroStrategy’s position as a “bitcoin development company” but also signals a broader investment trend favoring Bitcoin’s technical advantages over conventional asset classes.
