Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

MicroStrategy: Bitcoin is a Once in a Lifetime Transformation

Published 03/18/2021, 08:41 AM
Updated 03/18/2021, 09:00 AM
MicroStrategy: Bitcoin is a Once in a Lifetime Transformation
MSTR
-
BTC/USD
-

  • MicroStrategy CEO revealed his thoughts on Bitcoin being a once in a lifetime transformation.
  • During the interview, Michael Saylor said the best use of time and money is to buy bitcoin.
  • According to CoinGecko, Bitcoin price is currently at $58,089

MicroStrategy CEO Michael Saylor has revealed his view of Bitcoin as a once in a lifetime transformation. He made sure to say so during a new Family Office interview with Angelo Roberts. Saylor highlighted what one can do to buy Bitcoin. This is because he thinks Bitcoin is a good fiat instrument. He said,

So the single most accretive way to use money and time is to invest in Bitcoin because you’ve got a once in a lifetime, once in 50 years transformation where all of this $200 trillion of money sitting in analog fiat instruments is encrypted and converted into a digital instrument which is thermodynamically sound. Time is money. Convert your cash into Bitcoin.

Moreover, MicroStrategy invested over 2.2 billion USD in BTC just a few weeks ago. They also bought 205 more Bitcoin, which boosted their current total holding. Now, Microstrategy (NASDAQ:MSTR) has a total of 91,326 BTC in its treasury. Their acquired BTC total value is over $5 billion. Saylor claims that the average amount for their purchase is $24,214 per BTC.

Since MicroStrategy’s infamous Bitcoin purchase in 2020, the firm has repeatedly bought more BTC and has made many headlines. The company is still filling up its Bitcoin piggy bank — the most recent being its 262 BTC purchase for $15 million.

This article first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.