MicroStrategy's Michael Saylor announces plans to continue buying Bitcoin indefinitely
With his company currently holding just under 200,000 Bitcoin, Saylor's conviction seems to be unshakable. The introduction of spot Bitcoin ETFs has been a game-changer for the cryptocurrency market, according to Saylor.
These financial instruments have provided a much-needed gateway for institutional capital, propelling a substantial amount of investment from the traditional financial ecosystem into the digital economy. The demand for these new ETFs has consistently outstripped the daily supply from Bitcoin miners, sometimes by as much as eight to ten times.
His rationale is rooted in the belief that Bitcoin represents the premier asset class, distinguishing itself from traditional investments like gold, the S&P index, and real estate. Saylor argues that Bitcoin's technical superiority positions it as the ultimate store of value, capable of absorbing capital from other asset classes.
This conviction is further reinforced by the notion that, unlike companies such as Apple, Google, and Microsoft, Bitcoin, as an asset class, has the capacity to hold vastly more capital, potentially up to $100 trillion. This perspective displays Saylor's strategy of favoring the accumulation of Bitcoin over selling. He views the cryptocurrency not just as an investment but as a foundational asset in the digital age economy.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.
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