MicroStrategy CEO Likens Investing In Bitcoin To Buying High Tech Companies Years Ago
MicroStrategy Boss has continued to show his unwavering support for Bitcoin as he has acknowledged the excellent part of investing in the flagship cryptocurrency.
According to Michael Saylor, the Chief Executive Officer of MicroStrategy, anybody who is presently investing in Bitcoin in this present data is taking the steps that those who invested in present-day multi-billion-dollar tech companies took.
Giving his thoughts in the November issue of the famous magazine, Block Journal, the renowned crypto adopter gave vital insights into why his company decided to buy Bitcoins worth $425 million to store their wealth.
Michael Saylor says Bitcoin is the one true Digital payment network
In his interview, Michael Saylor said that even though he joins prominent experts and analysts worldwide to see Bitcoin as a perfect hedge against inflation, he also sees it as one true form of digital monetary network. Going further, the CEO said that Bitcoin could be likened to some high-caliber digital service giants that we have today.
” By saying that Bitcoin is the first digital monetary network, it also stands toe to toe with its compatriots in the digital field such as Google which is the first digital search network, Youtube which is also seen as the first digital video network and a host of others,” the CEO said.
Saylor mentioned Apple, which he says has carved a name for itself and is regarded as the first digital mobile network. He ended his comparison with Facebook, which he classed as the first and leading digital social network.
Going further, he said Bitcoin wields much power that cannot be seen in the short term but can only be seen by someone who wishes to invest in the long term. In his review on the Bitcoin vs. Gold debate, Saylor said that Bitcoin possesses more value than Gold because it has characteristics that put it ahead of the precious metals.
Saylor puts Bitcoin ahead of Gold
Saylor continued by noting that when compared to Gold, Bitcoin is faster, harder, stronger, and smarter. The CEO further advised those that have not bought a share of the digital asset to do so before it is too late as it is still in its early stages of accumulation.
“Buying Bitcoin now is just like when the present owners of Apple, Google, Amazon and the likes decided that they were going to invest in the various companies years ago and we know how much they are worth now,” Saylor said.
MicroStrategy is currently enjoying the digital asset’s massive gains, as their $425 million procurements are now presently worth $596 million in today’s price of the asset.
When asked if the company has a time frame to sell the Bitcoin in its possession, Michael Saylor said that the company targeted the long run, and they won’t sell it anytime soon.
“I can say we bought the Bitcoins, and they will be in our possession forever. We are currently looking into the ideology of Warren Buffet and are planning to hold it forever,” the CEO said.
Finally, he said that the company always does what’s best for its investors, and if they didn’t think it was worth holding on to, they wouldn’t have ventured into it.
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