Bitcoin

Read

Spot

<a href="https://bitcoinworld.co.in/microstrategys-michael-saylor-you-can-never-have-too-much-bitcoin/" title="MicroStrategy’s Michael Saylor: You Can Never Have Too Much Bitcoin" rel="noopener noreferrer nofollow"></a>
Michael Saylor, the executive chairman of business analytics firm <a href="https://www.microstrategy.com/en" rel="noopener noreferrer nofollow">MicroStrategy</a>, said “You can never have too much Bitcoin.”&nbsp;
Saylor defined Bitcoin as a digital <a href="https://coinedition.com/you-can-never-have-too-much-bitcoin-microstrategys-michael-saylor/" rel="noopener noreferrer nofollow">property</a> free of the risks and liabilities associated with commercial real estate, a digital commodity free of the liabilities associated with gold, and a digital technological investment free of the risks and liabilities associated with large technology.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 You can never have too much <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>. My discussion of <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a>, <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSFT</a>, MicroStrategy AI, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> Spot ETPs, the Halving, FASB Accounting, the Magnificent 7 Dilemma, &amp; Corporate/Wall Street Adoption of Bitcoin with <a href="https://twitter.com/MorganLBrennan?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@MorganLBrennan</a>, <a href="https://twitter.com/SaraEisen?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SaraEisen</a>, &amp; <a href="https://twitter.com/BobPisani?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BobPisani</a>. <a href="https://t.co/2VWbMooLy4" rel="noopener noreferrer nofollow">pic.twitter.com/2VWbMooLy4</a>
 — Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1720103459725234600?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 2, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The CEO of MicroStrategy stated that the company has collaborated with Microsoft on artificial intelligence (AI), making it the first business intelligence company to incorporate AI into its product range. According to him, the alliance will help MicroStrategy’s intelligence business with artificial intelligence.
Saylor argued that the Securities and Exchange Commission’s (SEC) approval of a Bitcoin spot ETF will benefit MicroStrategy. He feels that such a scenario would increase adoption while also increasing institutional knowledge and teaching about the flagship cryptocurrency.&nbsp;
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/bitgo-and-copper-combine-crypto-custody-settlement-networks/" aria-label="“BitGo and Copper Combine Crypto Custody Settlement Networks” (Edit)" rel="noopener noreferrer nofollow">BitGo and Copper Combine Crypto Custody Settlement Networks</a>
The executive chairman emphasized that his company’s product is distinct from the widely expected ETF offerings. MicroStrategy, according to Saylor, employs intelligence leverage, does not charge fees, and can yield a tax-deferred Bitcoin premium for investors.
Furthermore, the well-known Bitcoin investor discussed the imminent Bitcoin halving and the influence it could have on the price of the pioneer cryptocurrency. He pointed out that the majority of people currently selling Bitcoin are miners who require the money to cover their electricity bills, capital charges, and loan repayment.&nbsp;
According to Saylor, Bitcoin miners sell approximately $1 billion worth of Bitcoins each month. He explained that halving Bitcoin would cut that number in half, reducing $12 billion in natural selling every year to $6 billion. At the same time, initiatives such as spot Bitcoin ETFs would boost Bitcoin demand. As a result, most people expected the top cryptocurrency’s price to rise as supply contracted and demand climbed.
The post <a href="https://bitcoinworld.co.in/microstrategys-michael-saylor-you-can-never-have-too-much-bitcoin/" rel="noopener noreferrer nofollow">MicroStrategy’s Michael Saylor: You Can Never Have Too Much Bitcoin</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

MicroStrategy’s Michael Saylor: You Can Never Have Too Much Bitcoin

ItsBitcoinWorld

Other articles published on Nov 4, 2023

AI Crypto Render Network (RNDR) Launches Incentive Program

Zilliqa partners with ChainUp

FLOKI Staking Hits $54M TVL In One Week. Bullish?

The landscape of crypto exchanges never stops changing | Opinion

Risk Management Strategies Crypto Traders Must Consider to Minimize Losses

Cardano (ADA), Polkadot (DOT) Collaboration Might Be 'Good News': Opinion

Join our free newsletter for daily crypto updates!