Michael Saylor, co-founder and executive chairman of MicroStrategy, stated that he was not thinking of selling after the increase in Bitcoin.
Participating in a broadcast by Bloomberg, one of the US media, Saylor responded to the question of whether the company was considering selling because the value of Bitcoins in its possession exceeded 10 billion dollars, “Bitcoin is technically superior to those asset classes. There’s just no reason to sell the winner and to buy the losers,” he said.
“Capital is now becoming digital”
Saylor said: “The spot ETFs have opened up a gateway for institutional capital to flow into the bitcoin ecosystem. The ETFs are facilitating the digital transformation of capital, and every day hundreds of millions of dollars of capital is flowing from the traditional analog ecosystem into the digital economy.”
“…side by side with major assets like Apple and Microsoft”
“I’m going to be buying the top forever. Bitcoin is the exit strategy. It’s the most powerful asset. It’s an asset class that has just reached $1 trillion. It stands side by side with major assets like Apple, Google, Microsoft. But unlike the magnificent seven, Bitcoin is an asset class all by itself. It’s not a multinational corporation.” he said.
“Bitcoin is technically superior to gold and real estate. There’s just no reason to sell!”
“Bitcoin’s value, currently just over a trillion dollars, is competing with asset classes such as gold, real estate or even the S&P index. All of them have market capitalizations many multiples higher than Bitcoin,” said Saylor. “We believe capital is going to keep flowing from those asset classes into bitcoin because Bitcoin is technically superior to those asset classes and that being the case, there’s just no reason to sell the winner and to buy the losers,”