- Michael Saylor, CEO of MicroStrategy shared his latest perception on Bitcoin, it appears he still thinks highly of the crowned crypto asset.
- Since MicroStrategy has continuously acquired Bitcoin, Michael Saylor has become among the most vocal advocates of cryptocurrency.
- At present, Bitcoin was trading at a market value of $28,994.62, uptrending by 0.45% during the past 24 hours.
More Bitcoin For MicroStrategy
Michael Saylor, MicroStrategy CEO provided his latest opinions on Bitcoin on Friday (May 27).
MicroStrategy stated in a press statement on August 11, 2020, that it has bought 21,454 bitcoins at a cumulative purchase value of $250 million to utilize as main treasury reserve asset.
Michael Saylor said in that press release that Their choice to acquire Bitcoin at this time was influenced by a slew of macroeconomic and business issues that they feel are posing long-term dangers to the corporate treasury programme, concerns that need be addressed immediately.
MicroStrategy has continued to amass Bitcoin since then, and its CEO has become among Bitcoin’s most outspoken proponents.
MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI
— Michael Saylor
Given the present bear market, the MicroStrategy CEO declared yesterday that he is as positive on Bitcoin as ever. His remarks were made during an interview on Fox News
Bitcoin Is The Most Certain Thing
Given the present bear market, the MicroStrategy CEO declared yesterday that he is as positive on Bitcoin as ever. His remarks were made during an interview on Fox News
He stated that Bitcoin is the only thing that is certain in a world when everything is uncertain. Folks need a secure space to stand separate from the interference of a government, an agency, or a company in a market full of turmoil and sound and fury.
So, Bitcoin is a fair, open, and egalitarian network that makes a simple guarantee to anybody who wants to join: anything you possess is yours, and no one can take this away from you.
Additionally, he said that there is no easy place to hide in these markets right now. The market is in bear market territory across the board. Because bonds are currency derivatives, they do not constitute a safe haven. Stocks must increase their cash flows ahead of inflation.
As this article was being written, Bitcoin was still dominating the market and was exchanging hands at $28,994.62, up by 0.45% during the past 24 hours.
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Source: https://www.thecoinrepublic.com/2022/05/29/michael-saylors-microstrategy-will-keep-buying-bitcoin/