MicroStrategy CEO Michael Saylor said he is determined to keep buying Bitcoin (BTC) despite the current crash
MicroStrategy CEO Sees BTC As Inflation Hedge
Michael Saylor, co-founder and CEO of MicroStrategy, recently went on Fox News and talked about whether or not his thoughts on Bitcoin have changed recently.
Saylor is a well known Bitcoin evangelist who thinks that BTC is the safest place to put your money
He also sees Bitcoin (BTC) as a hedge against inflation.
In The Past 2 Years, Bitcoin Is Up 229%
Saylor told Fox News anchor Tucker Carlson that since the pandemic started in 2020, the leading digital currency has grown by a staggering 229 percent, while the US money supply has grown by 36 percent, gold has gone up by 7 percent, the S&P 500 has gone up by 29 percent, and the Nasdaq 100 has gone up by 19 percent.
Saylor said Bitcoin is safe if you can handle its volatility and look at it in the long run.
“We’re buying more Bitcoin”
When asked about the company’s current plan, Saylor said that MicroStrategy doesn’t sell any of its BTC, but instead buys more whenever there is extra money. The CEO also said that they want to keep “buying at the top forever.”
As of April 5, MicroStrategy, a company that makes business intelligence software, had 129,218 Bitcoins, which were worth $3,723,248,686 at the time this was written.