MicroStrategy CEO Michael Saylor: Bitcoin Is A Fundamental Asset In The Digital Age

JAKARTA - Michael Saylor, the former CEO of MicroStrategy, never hesitates to express his preference for Bitcoin. In his latest interview with Bloomberg, he revealed that he will continue to buy Bitcoin indefinitely, even if the price drops.

Saylor, who now serves as executive chairman of MicroStrategy, said he sees Bitcoin as a major asset class that cannot be compared to other investments. He also said that Bitcoin is a basic asset in the digital era economy, which would change the way people store and move value.

MicroStrategy is one of the first public companies to invest most of its cash into Bitcoin. Since August 2020, the company has accumulated nearly 200,000 Bitcoins, which are now worth about $10 billion at current prices. Saylor claims that he has no intention of selling the Bitcoin, even if the price goes up or down.

Salah satu alasan Saylor begitu yakin dengan Bitcoin adalah karena ia melihat adanya permintaan yang tinggi dari investor institusiional. Ia menunjuk pada fenomena Bitcoin ETF, yaitu produk keuangan yang memungkin investor membeli Bitcoin tanpa harus memiliki coin secara langsung.

Based on data from Bloomberg, Bitcoin ETF has amassed more than 700,000 Bitcoins since its launch in October 2022. Demand for Bitcoin ETF continues to increase, even exceeding the daily supply of Bitcoin miners. Saylor said that it shows that there is an excellent cycle' for Bitcoin, which would push the price up.

Saylor also argues that Bitcoin has a technical advantage that makes it the best value store in the world. He compared Bitcoin with gold, S&P index, and real estate, which he said could not compete with Bitcoin in terms of security, efficiency, and liquidity.

Saylor even dares to say that Bitcoin has the potential to accommodate capital of up to 100 trillion US dollars, much larger than giant companies like Apple, Google, and Microsoft. He said that Bitcoin is a basic asset' that would be the foundation of the digital era economy, which would change the way people transact, invest, and innovate.

With a view like this, it's no surprise that Saylor doesn't want to let go of his Bitcoin. He said he didn't see Bitcoin as an investment, but as a strategy out' of a traditional financial system that was inefficient and vulnerable to inflation. He said he would continue to buy Bitcoin as long as he could, and care not about short-term price fluctuations.

Saylor is one of the most vocal figures in the Bitcoin community, which often spreads positive messages about the crypto asset. He is also active in various initiatives aimed at educating and advocates for Bitcoin, such as Bitcoin for Everybody and Bitcoin Mining Council. He hopes that in this way, he can help people understand and adopt Bitcoin as a basic asset in the digital era.