Michael Saylor, the ‘bitcoin slayer’ that wants no introduction, continues his assaults on every part non-bitcoin, this time unleashing his wrath on gold.
It Feels Great, Says Saylor of Owning More Than 71Ok Bitcoins
In an interview with Andrew Henderson of Nomad Capitalist, a authorized finance advisory, Saylor, condemning gold as a “dying asset” and “lifeless cash,” provided his view of the way forward for funding: gold is out, bitcoin is in.
To recap Saylor’s ascent to bitcoin supremacy, his agency Microstrategy made headlines for its relentless bitcoin procuring spree throughout 2020, shopping for 29,646 cash in December alone. 2021 is not any totally different, with Saylor asserting in the present day one other buy of 295 bitcoins, bringing his whole to 71,079.
MicroStrategy has bought roughly 295 bitcoins for $10.zero million in money, at a mean value of ~ $33,808 per #bitcoin. We now #hodl ~ 71,079 bitcoins acquired for $1.145 billion at common value of ~ $16,109 per bitcoin.https://t.co/lmj3QCgKbw
— Michael Saylor (@michael_saylor) February 2, 2021
Here’s how Saylor explains within the interview his aggressive buying conduct
It’s a long-duration, safe-haven asset. You can’t debase it. If you look in the long run, ten, twenty, thirty years, proudly owning bitcoin is like encrypting your financial vitality in a approach that may protect it, with none degradation in the long run.
And it appears to be paying off for his agency, as he boasts on this tweet:
Regarding the grim way forward for gold, Saylor had this to say:
Gold is lifeless cash. Sell your gold, purchase Bitcoin as a result of different persons are going to promote their gold and should you wait till you’ve been front-run by all of the hedge funds after they dump their gold, you’re going to be the final individual out.
Saylor doesn’t cease at gold. For him, some other type of funding that isn’t Bitcoin, is simply not price it:
Look at each asset class for the final six months. Look at gold, take a look at NASDAQ, take a look at the S&P, take a look at bonds. They’re all chopping. They’re not going wherever. What’s working? Bitcoin’s working. It’s tripled or quadrupled, however let’s say tripled simple.
Watch the complete interview under ->
What do you consider Gold vs Bitcoin as funding automobiles? Let us know within the feedback sections under.