The US entrepreneur and CEO of the software manufacturer MicroStrategy, Michael Saylor, explained in a YouTube interview why Bitcoin offers him a better investment opportunity than shares in tech companies.
MicroStrategy CEO Michael Saylor sees Bitcoin as a better investment opportunity than tech companies. That is the quintessence of an interview that the crypto connoisseur gave recently. In it, Saylor says that it would make more sense to invest in the digital store of value than in stocks of tech giants like Facebook, Amazon, or Apple. He said exactly:
I’ve invested in everything, I was an early investor in Apple, Facebook, Amazon, Google, OpenTable, eBay, and PayPal. And I’ve made huge amounts of money. I’ve earned 10 times, 20 times my money back and let me tell you: none of them look as good as this one looks to me.
The American entrepreneur, with his software manufacturer MicroStrategy, is considered the first institutional investor in Bitcoin. In August 2020, the company announced that it would initially invest 250 million US dollars in the cryptocurrency. In December last year, the Virginia company invested twice in BTC. So they bought $ 400 million first. Then, at the end of the month, another 650 million. The US company has put more than a billion US dollars into the store of value.
In a YouTube interview with Anthony Pompliano published in September, the CEO revealed that he recognized early on that the value of conventional money was steadily declining.
The problem is, I have a ton of cash and watch it melt away.
He went on to say about Bitcoin investors who had earlier recognized this problem:
You are smarter than me, I’m not joking, I’m serious, you are smarter than me. They knew before me that cash is rubbish and that sitting on cash is a fool.
Michael Saylor is now one of the greatest proponents of Bitcoin.