Michael Saylor: "Bitcoin Is the World's Best Strategic Asset to Own"

IconCryptoNewsTerminal Staff15 Aug, 2024

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Michael Saylor: "Bitcoin Is the World's Best Strategic Asset to Own"

Michael Saylor, the founder of MicroStrategy, recently tweeted via Twitter that "Bitcoin is the world's best strategic asset to own." He also retweeted a post from American crypto mining company Marathon Digital Holdings (MARA) announcing that it had purchased 4,144 BTC worth $249 million from the $300 million it raised in a senior convertible notes offering. Saylor has been a vocal advocate for Bitcoin for several years, and he has repeatedly said that he believes it is a superior investment to gold. In a recent interview, he said that "Bitcoin is the only asset that can protect your wealth from the ravages of inflation." Saylor's comments come at a time when Bitcoin is experiencing a resurgence in popularity. The price of Bitcoin has risen significantly in recent months, and it is now trading at around $42,000. This has led some analysts to believe that Bitcoin is entering a new bull market. If you are considering investing in Bitcoin, it is important to do your own research and understand the risks involved. Bitcoin is a volatile asset, and its price can fluctuate significantly. However, if you are looking for a long-term investment that could potentially provide you with significant returns, Bitcoin may be a good option for you.