Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Michael Saylor Says He Will Buy Bitcoin Forever, Here’s Why

Michael Saylor Says He Will Buy Bitcoin Forever, Here’s Why

CryptopotatoCryptopotato2024/02/22 05:25
By:Mandy WilliamsMore posts by this author

Saylor believes capital will keep flowing from gold and other asset classes into BTC because the digital currency is “technically superior” to them.

Michael Saylor, the co-founder and executive chairman of business intelligence firm MicroStrategy, has revealed that he and the company he spearheaded until recently would be buying Bitcoin (BTC) forever, doubling down on his stance as an advocate of the leading digital asset.

During an interview with Bloomberg on Tuesday, the MicroStrategy former CEO said he would not sell his or his firm’s BTC holdings despite the stash recording an unrealized profit of roughly $4 billion.

Buying The Top Forever

Saylor said BTC is the exit strategy and the strongest asset. The cryptocurrency has emerged as a trillion-dollar asset alongside names like Apple, Google, and Microsoft. However, BTC is not a company, so it is competing with asset classes like gold and the SP stock market index.

“There’s not enough room in the capital structure of those top ten companies to hold $10 trillion or $100 trillion worth of capital. So, bitcoin is competing against gold, which is 10x what it is right now. It is competing against the SP index, and it is competing against real estate, a $100 trillion-plus asset class as a store of value,” Saylor stated.

The MicroStrategy founder believes capital will keep flowing from gold and other asset classes into BTC because the digital currency is “technically superior” to them.

“That being the case, there’s just no reason to sell the winner to buy the losers,” Saylor added.

Saylor’s Predictions Manifest

Saylor’s comments come two months after he called the recently launched spot Bitcoin exchange-traded funds (ETFs) the most significant development on Wall Street in the last three decades, comparing them to the historical creation of the SP 500 fund.

As one of Bitcoin’s strongest proponents, Saylor began accumulating BTC in 2020, making MicroStrategy the first publicly traded company to hoard the asset. After the firm’s last purchase of 850 BTC in January, its stash has grown to 190,000 BTC, bought at an average of $31,224 each and worth more than $10 billion at current prices.

Meanwhile, Saylor predicted in December that there would be a surge in BTC demand in 2024, and his forecast is playing out. Currently, BTC demand from the spot Bitcoin ETFs is almost 10x the supply available from miners. This has also contributed to the latest surge in the asset’s price.

 
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Golden Ten Data Exclusive: Full Text of the US August CPI Report

In August, the US CPI rose by 0.4% month-on-month and increased to 2.9% year-on-year, with housing and food being the main drivers. Inflationary pressure is intensifying again. The full report is as follows.

Jin102025/09/11 15:53

Proof of Humanity and the "Dead Internet"

Don't let those "tin cans" control you or take away your tokens.

ForesightNews 速递2025/09/11 10:43
Proof of Humanity and the "Dead Internet"

Is anyone still doing airdrops full-time? Maybe you should consider getting a job.

Airdrops can't provide stability, but work can.

ForesightNews 速递2025/09/11 10:42
Is anyone still doing airdrops full-time? Maybe you should consider getting a job.