Michael Saylor, the ‘bitcoin slayer’ that requires no intro, continues his attacks on whatever non-bitcoin, this time releasing his rage on gold.
It Feels Great, Says Saylor of Owning More Than 71K Bitcoins
In an interview with Andrew Henderson of Nomad Capitalist, a legal financing advisory, Saylor, condemning gold as a “passing away property” and “dead cash,” used his view of the future of financial investment: gold is out, bitcoin remains in.
To wrap-up Saylor’s climb to bitcoin supremacy, his company Microstrategy made headings for its unrelenting bitcoin shopping spree throughout 2020, buying 29,646 coins in December alone. 2021 is no various, with Saylor revealing today another purchase of 295 bitcoins, bringing his overall to 71,079.
MicroStrategy has actually bought roughly 295 bitcoins for $10.0 million in money, at a typical rate of ~ $33,808 per #bitcoin. We now #hodl ~ 71,079 bitcoins obtained for $1.145 billion at typical rate of ~ $16,109 per bitcoin.https://t.co/lmj3QCgKbw
— Michael Saylor (@michael_saylor) February 2, 2021
Here’s how Saylor describes in the interview his aggressive buying habits
It’s a long-duration, safe-haven property. You can’t debase it. If you search in the long term, 10, twenty, thirty years, owning bitcoin resembles securing your financial energy in such a way that will protect it, with no deterioration in the long term.
And it appears to be settling for his company, as he boasts in this tweet:
Regarding the grim future of gold, Saylor had this to state:
Gold is dead cash. Sell your gold, purchase Bitcoin since other individuals are going to offer their gold and if you wait till you’ve been front-run by all the hedge funds when they discard their gold, you’re going to be the last individual out.
Saylor doesn’t stop at gold. For him, any other kind of financial investment that is not Bitcoin, is simply not worth it:
Look at every property class for the last 6 months. Look at gold, take a look at NASDAQ, take a look at the S&P, take a look at bonds. They’re all slicing. They’re not going anywhere. What’s working? Bitcoin’s working. It’s tripled or quadrupled, however let’s state tripled simple.
Watch the complete interview below ->
What do you believe of Gold vs Bitcoin as financial investment automobiles? Let us understand in the comments areas below.
Thank you for visiting our site. You can get the latest Information and Editorials on our site regarding bitcoins.