Michael Saylor: We maintain our Bitcoin and do not lend it

In a recent interview with the ETF Think Tank, Michael Saylor explained why his company buys Bitcoin directly, holds it in custody and does not lend it. The CEO of software intelligence company MicroStrategy also said that people underestimate Bitcoin and overestimate everything else in the blockchain and cryptocurrency industries.

Saylor is known for his clear handling of Bitcoin – Buy and Hold. However, given the uprising of many platforms offering the opportunity to earn interest on BTC, he was asked why MicroStrategy hadn’t borrowed any of its Bitcoin holdings, and replied that the single-digit return that can be made is not worth the added risk is .

“I think the counterparty risk is great; there is a regulatory problem, there is an audit, and there is a legal and accounting problem,” said Saylor, citing the extra work and risk that Bitcoin lending puts on his company would bring. “So the point is really, you are taking 100 times the risk and it’s 10 times the complicated – getting 5% more [per year]. “

One interesting side benefit that Saylor’s company has experienced from holding Bitcoin has to do with brand awareness. According to him, the decision to buy Bitcoin over a year ago increased MicroStrategy’s brand awareness by a factor of 100.

“Bitcoin is one of the most disruptive, if not the most disruptive technologies of the decade, and it’s disrupting the energy industry, the investment community, the technology community,” said Saylor. “That means it messes up politics and economics in general. It gets people’s attention and is progressive and people-focused.”

But investors in the blockchain sector are currently lacking real focus, said Saylor. Since people are becoming fond of the “crypto novelty”, which is being promoted by strong marketing by the founding teams, less energy is devoted to Bitcoin.

“I think it’s pretty important to understand that Bitcoin is pretty much the most predictable in the entire blockchain universe, everything else is uncertain,” added Saylor. “There are massive technical, security, legal, and execution uncertainties. Therefore, in my opinion, people overestimate the certainty of the value of everything else and underestimate the value of Bitcoin.”

With that in mind, many people often criticize Michael Saylor and MicroStrategy for focusing only on Bitcoin and allegedly rejecting other projects based on a blockchain. But the software company’s CEO said Bitcoin is the true diversifier that allows its owners to diversify from the traditional economy.

“I think when you get into the blockchain space there is just a huge pile of risks,” said Saylor. “So I think people usually underestimate all of the risks of not buying Bitcoin and they are underexposed. The value is not in trading 250 or 500 different crypto coins. The value is in sipping $ 50 trillion from bonds in Bitcoin and $ 50. to slurp trillion dollars or $ 100 trillion off real estate. People … should be more exposed to Bitcoin and less exposed to everything else in the world. “

According to the CEO of MicroStrategy, a laser focus on Bitcoin shouldn’t just be left to technology and fintech companies. Saylor added that the problems of every business and government on the planet could be solved if they bought Bitcoin.

“When El Salvador, Cuba, Turkey, Japan, Russia, the United States, Great Britain or France buy Bitcoin, they correct their balance sheet,” said Saylor. “Every company on earth fixes its balance sheet when it buys Bitcoin. So Bitcoin is the solution for hundreds of thousands of companies.”

And when it comes to individuals, Bitcoin is the answer too. Saylor stated, “If you are a saver and have been thinking about buying land or gold or some other very scarce asset for 100 years, digital ownership in the form of bitcoin is by far the best idea we have this century.”


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Bitcoin can defend your portfolio from inflation Bitcoin

Bitcoin can defend your portfolio from inflation

Check out this episode on YouTubeListen to this episode:In this episode of Bitcoin Bottomline,...

By wpadminsonic164
Is there a risk of a Bitcoin value “double bubble”? Bitcoin

Is there a risk of a Bitcoin value “double bubble”?

The following is from a recent issue of Deep Dive, Bitcoin Magazine's premium market...

By wpadminsonic164
Corporations with 100,000 wealth managers can now put money into Bitcoin via the NYDIG partnership Bitcoin

Corporations with 100,000 wealth managers can now put money into Bitcoin via the NYDIG partnership

SIMON Markets LLC has partnered with New York Digital Investment Group LLC (NYDIG) to...

By wpadminsonic164
They assist quick sellers after they earn curiosity on bitcoin Bitcoin

They assist quick sellers after they earn curiosity on bitcoin

Why do institutes issue interest-related payments on your Bitcoin deposits?The only reason is that...

By wpadminsonic164
Educating Monetary Schooling within the Age of Bitcoin Bitcoin

Educating Monetary Schooling within the Age of Bitcoin

I recently met with a group of high school graduates who are going to...

By wpadminsonic164
Hier ist, warum Bitcoin Ihre Hoffnung im Leben verjüngt Bitcoin

Hier ist, warum Bitcoin Ihre Hoffnung im Leben verjüngt

Ein düsterer Ausblick in die Zukunft ist angesichts der Ereignisse der letzten 18 Monate...

By wpadminsonic164
How Marco Falke maintains the Bitcoin community Bitcoin

How Marco Falke maintains the Bitcoin community

Last week, Bitcoin developer Marco Falke logged his 1,752. Committed to the Bitcoin Core...

By wpadminsonic164
Africa now has the most important quantity of Bitcoin peer-to-peer buying and selling on the planet Bitcoin

Africa now has the most important quantity of Bitcoin peer-to-peer buying and selling on the planet

According to data from the analysis platform UsefulTulips, Africa has developed into the continent...

By wpadminsonic164

Latest Posts

Cardano

Cardano is providing as much as $ 10,000 on community vulnerabilities in Bug Bounty – NewsBTC

Cardano is preparing to release smart contracts on September 12th. To this end, the...

By wpadminsonic164
5 instances Kriti Sanon performed her sport in retro type in PHENOMENAL polka-dot outfits – PINKVILLA Polkadot

5 instances Kriti Sanon performed her sport in retro type in PHENOMENAL polka-dot outfits – PINKVILLA

The lush pattern of colored dots of similar size has a beauty that is...

By wpadminsonic164
Prime Cryptocurrency Prizes Right this moment: Polkadot, Ethereum, XRP Achieve Up To 13% – Financial Occasions Polkadot

Prime Cryptocurrency Prizes Right this moment: Polkadot, Ethereum, XRP Achieve Up To 13% – Financial Occasions

New Delhi: The cryptocurrency cart traded mostly higher on Wednesday as investors continued buying...

By wpadminsonic164
WARNING! BITCOIN to Crash Tomorrow!?…(Coinbase IPO) Videos

WARNING! BITCOIN to Crash Tomorrow!?…(Coinbase IPO)

Everyone expects a BITCOIN PUMP tomorrow for the Coinbase IPO...but could there be a...

By wpadminsonic164
It is best to guess Binance Coin will regain its market place from Cardano – AMBCrypto Information Binance

It is best to guess Binance Coin will regain its market place from Cardano – AMBCrypto Information

Binance Coin, the token native to the Binance network, lost its longstanding position as...

By wpadminsonic164
Binance Coin (BNB): Why It is So Attention-grabbing To The Cryptocurrency World – Yahoo Finance Binance

Binance Coin (BNB): Why It is So Attention-grabbing To The Cryptocurrency World – Yahoo Finance

gopixa / iStock.comCryptocurrency is red-hot, but if you want to take part in the...

By wpadminsonic164
Bitcoin can defend your portfolio from inflation Bitcoin

Bitcoin can defend your portfolio from inflation

Check out this episode on YouTubeListen to this episode:In this episode of Bitcoin Bottomline,...

By wpadminsonic164
When do you have to purchase from Cardano once more?  For BINANCE: ADAUSD by Finaboyy – Todayuknews – Todayuknews Cardano

When do you have to purchase from Cardano once more? For BINANCE: ADAUSD by Finaboyy – Todayuknews – Todayuknews

Cardano has since 20./21. July showed great price strength. Almost a 148% gain! I...

By wpadminsonic164