“Why Bitcoin?” Strategy’s Michael Saylor Makes Case For Investing In BTC

Bitcoin maximalist and Strategy co-founder Michael Saylor has made a strong case for BTC and why investors should consider investing in the flagship crypto. This comes amid his company’s latest 7,390 BTC purchase and ongoing class action lawsuit against Saylor and two other executives.

Michael Saylor Reveals Why Bitcoin Is The Best Investment

In a video released on his X platform, Michael Saylor stated that Bitcoin represents the “greatest digital transformation of the 21st century” and digital capital. He noted how risks are eroding trillions of dollars from several other assets, including real estate, fiat, and bonds, with investors moving to BTC to avoid these risks.

Saylor asserted that digital capital is technically and comically superior to physical capital, which is why Bitcoin stands out above gold, fiat, bonds, and other assets. The Strategy CEO further remarked that BTC represents a global advancement in capital preservation. He highlighted the flagship crypto’s growth, noting that it is growing from trillions to hundreds of trillions of dollars and that it is backed by digital, economic, and political power.

As CoinGape reported, Bitcoin’s market cap has broken its all-time high (ATH), moving past Silver and Google. Meanwhile, Michael Saylor mentioned that BTC is the best asset anyone can own, highlighting its annualized performance over the last four years. During this period, the crypto asset has outperformed the ‘Magnificent Seven,’ the S&P 500, gold, bonds, and real estate.

Saylor remarked that, luckily, public support for Bitcoin is surging, with ETFs, companies, and countries adopting BTC. He noted that political support is also growing, with Senators like Cynthia Lummis pushing for a Strategic Bitcoin Reserve, while Donald Trump has urged investors never to sell their BTC. The crypto is also gaining Wall Street’s support, with former critics like BlackRock’s CEO Larry Fink becoming believers.

Bitcoin ETFs Accumulation On The Rise

Amid Michael Saylor’s statement, CoinGape reported that Bitcoin ETF inflows are skyrocketing. Specifically, BlackRock’s IBIT now holds 636,000 BTC, recording inflows for 23 out of the last 24 days.

In line with this, Bloomberg analyst Eric Balchunas noted that BlackRock is now 57% close to becoming the largest Bitcoin holder, overtaking Satoshi Nakamoto in the process. Balchunas predicts that this could happen by the end of next summer. However, he argued that if the BTC price hits $150,000 in the next few months, there could be a feeding frenzy from advisors, which would shorten the timeline “dramatically.”

Source: Shaun Edmondson

Meanwhile, Strategy is also on the heels of BlackRock and Satoshi, currently occupying the fourth position on the list of the top Bitcoin holders. Michael Saylor and Strategy recently bought 7,390 Bitcoin, bringing their total holdings to 576,230. The company purchased these coins for $40.18 billion at an average price of $69,726 per BTC.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.