Founder of MicroStrategy Michael Saylor, shared the company’s plans for Bitcoin position in an interview with CNBC.
on CNBC Morgan BrennanSpeaking in an interview with Saylor, he stated that the software business, which has seen significant growth in the past quarter, is a source of cash to finance its debts and acquire more Bitcoin.
Saylor Continues to Support Bitcoin
Commenting on the company’s losses in more than 146,000 BTC units, Saylor stated that the most important way to benefit from the popularity of Bitcoin is to hold the asset and endure the fluctuation in price.
The MicroStrategy founder added that Bitcoin is a long-term HODLer and all its stakeholders are in line with this interest in Bitcoin. MicroStrategy today, after its last purchase Wall Streethighest in BTC It is the largest publicly traded company with assets. Since the company started buying BTC, it has only sold once, reiterating its belief in the future of cryptocurrency.
According to Michael Saylor, the global adoption of Bitcoin is due to the global loss of trust in fiat currencies among countries. However, Saylor believes interest around other competing assets, such as traditional banking and equities, has also waned over time.
Also addressing the reasons why Bitcoin has gained momentum lately, Saylor reiterated the fear of inflation as a key trigger that helped Bitcoin grow. Especially, bitcoinHe said that .
