Michael Saylor, CEO of MicroStrategy, one of the largest companies in the world, said in a recent interview with CoinDesk that Bitcoin is not a good idea as a currency.
With the last 7002 Bitcoin ($395.6 million) purchase, Saylor has increased the BTC portfolio of MicroStrategy company to 121,044 BTC (approximately $3.6 billion).
In every statement “will continue to buy Bitcoin forever” Bitcoin bull Saylor stated that Bitcoin is the best asset in the world and said:
“Bitcoin is ideal as a reserve asset. You don’t want to buy coffee with Bitcoin, you prefer to buy your coffee in traditional currencies, so Bitcoin as a currency is not a good idea to buy your coffee.”
The famous billionaire, who said that he sees Bitcoin as the most important reserve asset in the world rather than a payment instrument, stated that it is a means of hedging the risk of high inflation, especially referring to the inflation crisis experienced by the USA.
“Of course there will be fluctuations in prices. But it seems to me that we now have universal acceptance that the world needs a hedge of an inflation risk. So in short, if you have Bitcoin, don’t sell it.”
Stating that he believes the US dollar is the world’s currency, Michael Saylor stated that it would be more accurate to see Bitcoin as an asset rather than a currency, and said, “This is the main difference between Bitcoin and the dollar.”
*Not investment advice.