Famous Bitcoin bull MicroStrategy founder Michael Saylor made crucial remarks regarding Bitcoin (BTC).
During his keynote address at the ICR Conference in Orlando, Saylor urged companies to invest in Bitcoin and characterized bonds as ‘toxic.’
Being the largest institutional holder of Bitcoin, Michael Saylor labeled bonds as “toxic” and emphasized that Bitcoin serves as a suitable investment avenue for companies, encouraging them to acquire Bitcoin.
Drawing a comparison between the performance of Bitcoin and bonds since 2020, Saylor pointed out that following MicroStrategy’s adoption of the Bitcoin acquisition strategy, the value of Bitcoin has surged while bond values have declined.
In light of this contrast, Saylor recommended that companies opt for purchasing BTC and outlined the choices available to them: persist with conventional practices like buying U.S. Treasury bonds and engaging in buybacks and dividends, or embrace innovation by integrating Bitcoin into their investment portfolios.
Saylor’s comments come on the heels of MicroStrategy’s consecutive Bitcoin purchases over ten weeks, with Saylor also criticizing companies such as Microsoft and Nvidia for not aligning with MicroStrategy’s Bitcoin approach.
*This content does not constitute investment advice.