Hours after stepping down as MicroStrategy CEO, Michael Saylor told CNBC that the company bitcoin He made interesting comments about his strategy.
“Microstrategy Outperformed Any Asset Class Thanks to BTC”
Saylor has previously tweeted that he will focus more on Bitcoin in his new business. He also stated that Microstrategy has benefited greatly from the Bitcoin strategy it adopted two years ago:
“Since adopting the Bitcoin strategy, Microstrategy has outperformed every asset class and major tech stocks.”
Michael Saylor, former CEO of Microstrategy, said that the company’s Bitcoin strategy has helped it weather the financial storm of currency devaluations. Saylor also added that this strategy gives the company a great deal of visibility and financial flexibility.
Saylor commented that “Volality is vitality”. cryptocurrency He said volatility in its markets could gradually decrease over the next four to eight years.
Saylor made a direct correlation between the volatility of cryptocurrencies and clarity on regulatory issues regarding the digital assets ecosystem. He added that volatility will also depend on crypto awareness in the market.
Since adopting a #Bitcoin strategy, $MSTR has outperformed every asset class & big tech stock. With my ascension to Executive Chairman, the promotion of Phong Le to CEO & arrival of CFO Andrew Kang, our team is stronger than ever & we are full speed ahead.pic.twitter.com/HSBjEgpizc
— Michael Saylor⚡️ (@saylor) August 3, 2022
Michael Saylor: “Microstrategy’s Bitcoin Assets Helped Company Visibility”
Saylor said the company’s Bitcoin strategy puts it among big technologies like Microsoft and SAP in terms of volatility. He added that the Bitcoin portion of Microstrategy’s operations is actually a benefit as it helps with marketing and sales. Overall, he explained that the Bitcoin strategy is a clear advantage for Microstrategy’s enterprise software business.
Bitcoin enthusiast, CFTC Bitcoin and Ethereum He also responded to the proposal of the new senate, which gave him the authority to oversee:
“Everyone in the world wants digital property. Every regulatory body will be interested in the crypto ecosystem. A set of regulations would be good for the crypto industry.”
Saylor highlighted the importance of regulation in attracting large institutional investors to the crypto industry. Saylor said there are many big investors who are afraid to invest in crypto until they understand the rules:
“As regulators set the rules and provide clarity, this will be great for Bitcoin.”
Talking about Microstrategy’s forward-looking Bitcoin strategy, Saylor said that executives across the company unanimously adhere to this strategy. Saylor has said many times in the past that Bitcoin will be an extraordinary success in the long run. In June, Saylor said, “As long as the Bitcoin price does not drop to zero, it will reach one million.”
*Not investment advice.