- Saylor praises Bitcoin as an instrument of the economic empowerment.
- The stocks of MicroStrategy (MSTR) are trading up 1.52% in the last 24h.
Michael J.Saylor, CEO of Microstrategy, showed up on the Tucker Carlson Tonight, an American talk show on Fox News, on Monday to talk about Bitcoin. Saylor has been a pro-bitcoin investor who has always been optimistic about the largest cryptocurrency.
Michael Saylor said:
“Bitcoin is a fair, open equitable network with a simple promise, anyone who wants to join which is what you own is yours and no one is going to take away from you.”
Bitcoin – Safe Refuge For Investors
Saylor notably made a comparison between the equities market and the crypto market which are witnessing sharp declines. He pointed out the dangers of taking cover in the fiat-derivates such as bonds and stocks.
The MicroStrategy CEO highlighted the performance of Bitcoin and assets of the off-chain stock market since the onset of the COVID pandemic. When Nasdaq and S&P 500 surged by 19% and 29% respectively, Bitcoin nearly surged by 229% since 2020. Even the US Dollar supply increased only by 36% and gold by 7% during the crisis.
As per the SEC filing made by MicroStrategy at the end of Q1 2022, the business intelligence firm holds 129,218 Bitcoins in its reserves. When asked if he is either buying or selling Bitcoin, Saylor replied that he would be “buying at the top forever”. Moreover, he also commented that he would be acquiring more Bitcoin amid the market crash.
He strongly believes that Bitcoin’s Lightning Network, the native layer-2 payment protocol, will expand even further covering major transactions globally fulfilling “Satoshi’s promise”.
With governments legalizing BTC, famous brands accepting it as a payment currency, and the installation of Bitcoin ATMs at prominent places, the largest cryptocurrency is voyaging towards its journey of global adoption.