Michael Saylor Says ‘Bitcoin Is The Exit Strategy’
MicroStrategy founder Michael Saylor declared that he intends to just “keep buying the top forever” when it comes to Bitcoin in an interview Tuesday with Bloomberg TV.
The enterprise software firm’s outspoken leader argued that BTC itself represents the ultimate portfolio escape hatch.
- Saylor said he’ll never stop buying BTC.
- Believes capital can keep flowing into Bitcoin as an asset class.
- MicroStrategy holds over $9.91 billion in BTC after aggressive buys.
When asked about potentially taking profits on MicroStrategy’s 190,000+ BTC stash, Saylor outright rejected the idea of selling.
“Bitcoin is the exit strategy, it is the strongest asset,” he said in the interview. “There’s no reason to sell the winner to buy the losers.”
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MicroStrategy Bitcoin stash has $3.92 billion unrealized profit
As Bitcoin bounced back near $52,000 this week, MicroStrategy’s giant bet sits at roughly $3.92 billion in unrealized profit. Saylor has praised moving corporate cash piles into BTC to avoid inflation erosion.
He also believes Bitcoin has firmly entrenched itself as a premier global asset class, competing with gold and the S&P 500.
While Apple and other tech giants have growth limitations, Saylor noted how BTC enjoys a boundless runway as an emerging monetary alternative, drawing in investment flows.
The last BTC purchase by the firm was on Feb 6, 2024, when the firm accumulated 850 BTC. With the Federal Reserve forced to sustain tight monetary policy amid stubborn inflation, Bitcoin adoption could accelerate among companies and mainstream investors alike in 2024.
Despite the price volatility, Saylor and MicroStrategy keep accumulating BTC and have no plans to sell any coins in the near future.
