Bitcoin

Gold

<img width="1320" height="990" src="https://coingape.com/wp-content/uploads/2023/12/michael-saylor-bitcoin-1320x990-1.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/michael-saylor-bitcoin-1320x990-1.jpg 1320w, https://coingape.com/wp-content/uploads/2023/12/michael-saylor-bitcoin-1320x990-1-300x225.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/michael-saylor-bitcoin-1320x990-1-1224x918.jpg 1224w, https://coingape.com/wp-content/uploads/2023/12/michael-saylor-bitcoin-1320x990-1-768x576.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/michael-saylor-bitcoin-1320x990-1-678x509.jpg 678w, https://coingape.com/wp-content/uploads/2023/12/michael-saylor-bitcoin-1320x990-1-326x245.jpg 326w, https://coingape.com/wp-content/uploads/2023/12/michael-saylor-bitcoin-1320x990-1-80x60.jpg 80w, https://coingape.com/wp-content/uploads/2023/12/michael-saylor-bitcoin-1320x990-1-150x113.jpg 150w" sizes="(max-width: 1320px) 100vw, 1320px">
Michael Saylor, the outspoken advocate for Bitcoin (BTC) and Chairman of MicroStrategy Incorporated has once again reaffirmed his commitment to the world’s leading cryptocurrency. In a recent interview on Bloomberg TV, Micheal Saylor declared his readiness to continue buying Bitcoin indefinitely, expressing his bullish stance on the digital assets’s prospects. 
<h2 id="strong-michael-saylor-and-the-bitcoin-support-strong">Michael Saylor and the Bitcoin Support</h2> 
Likewise, Saylor highlighted the impact of the <a href="https://coingape.com/breaking-sec-gives-nod-to-spot-bitcoin-etf-opens-door-for-trading/">Michael Saylor is Ready to Keep “Buying Bitcoin Forever”</a> (ETFs), likening it to a rising tide that would elevate the entire cryptocurrency market. Saylor’s unwavering confidence in Bitcoin stems from his belief in its store of value properties and its potential to serve as a hedge against inflation. 
Since MicroStrategy’s initial investment in Bitcoin in 2020, Saylor has been an ardent supporter of the cryptocurrency, advocating for its adoption by institutions and corporations as a treasury reserve asset. His dedication to accumulating Bitcoin has made MicroStrategy one of the largest corporate holders of the digital currency.&nbsp; 
Michael Saylor highlighted that Bitcoin is a strong asset and not a company. In his words,&nbsp; 
“Bitcoin is superior as such, there is no reason to sell the superior to buy the losers.”&nbsp; 
Beyond this bullish stance, Saylor emphasized the significance of spot Bitcoin ETFs which would enable investors to gain exposure to the cryptocurrency without having to directly purchase and own it.&nbsp; 
In addition, he said the approval could catalyze further institutional adoption and drive significant capital inflows into Bitcoin and other digital assets.&nbsp; 
<h2 id="strong-microstrategy-s-bitcoin-stance-strong">MicroStrategy’s Bitcoin Stance</h2> 
In January alone, MicroStrategy got its hands on 850 Bitcoin worth $37.5 million to double down on its acquisition agenda.&nbsp; 
This was also highlighted in the company’s fourth-quarter earnings for 2023, committing to move further into buying more Bitcoin. In addition, the Q4 2023 Earnings presented that MicroStrategy acquired 31,755 bitcoins since the end of Q3&nbsp; for $1,25 billion, or $39,411 per bitcoin. By February 5, the firm had <a href="https://coingape.com/microstrategys-bitcoin-accumulation-hits-190000-btc-amid-q4-revenue-dip/">gathered 190,000 Bitcoins</a> at the cost of $5.93 billion. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 MicroStrategy Executive Chair Michael Saylor says the approval of spot Bitcoin ETFs is “a rising tide that is going to lift all boats” <a href="https://t.co/0X0Pcz9N8S">https://t.co/0X0Pcz9N8S</a> <a href="https://t.co/jA1KxQEDAW">pic.twitter.com/jA1KxQEDAW</a> 
 — Bloomberg TV (@BloombergTV) <a href="https://twitter.com/BloombergTV/status/1759982435691802864?ref_src=twsrc%5Etfw">February 20, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The company revealed a net income of $89.1 million contrast to its loss of $249.7 million in 2022. With the impressive comeback, the company revenues are at $124.5 million, since the adoption of the Bitcoin strategy, MicroStrategy has outperformed all major asset classes.&nbsp; 
Related to that Michael Saylor said 2024 is the year of birth of Bitcoin as an institutional-grade asset class. He referred to Bitcoin as the first and only asset class of the modern era as Gold is an outdated not a new asset. To properly align with the Bitcoin growth agenda, Michael Saylor has unveiled the pivot of the company as a <a href="https://coingape.com/michael-saylor-makes-important-microstrategy-bitcoin-statement/" target="_blank" rel="noopener">Bitcoin Development Company</a>. 
The post <a href="https://coingape.com/michael-saylor-is-ready-to-keep-buying-bitcoin-forever/">Michael Saylor is Ready to Keep “Buying Bitcoin Forever”</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Michael Saylor is Ready to Keep “Buying Bitcoin Forever”

Table of Contents

Coingape News Media

Other articles published on Feb 20, 2024

Bitcoin Cash profits shift to Deestream presale as Ethereum investors sell at peak

Vitalik Says AI Could be Crucial to Solve Ethereum "Biggest Technical" Risk

Bitcoin’s Market Movement: Analysts Highlight Significant Support and Resistance Levels

Last Call for the Best P2E Meme Coin of 2024 – Final Chance For Potential 10x Gains at Launch

Bitcoin's Next Price Surge: Have Investors Missed the Boat?

ProBit Global Lists VESTATE, Facilitating Seamless Real Estate Transactions

Join our free newsletter for daily crypto updates!