Michael Saylor, the co-founder and CEO of the business intelligence company MicroStrategy, has once again showcased his bullishness on Bitcoin (BTC), the largest cryptocurrency by market capitalization.
In a recent interview on Fox News show “Tucker Carlson Tonight”, Saylor, who his company has been accumulating Bitcoin in numbers, specifically stated that he will be buying the digital asset at the top forever, which implies that he’s so certain of the future of the asset class.
In the course of the interview, Saylor also confirmed that bears have dominated the market, stating that all indexes are currently in the bears’ territory.
The popular crypto big gun also reiterated the fact that Bitcoin has proven to be a better safe-haven asset class, compared to Gold, S&P, Nasdaq, and others.
Michael Saylor noted:
“Bitcoin is the most certain thing in a very uncertain world. In a market full of chaos and sound and fury, people need a safe place to stand apart from the intervention of a government, an agency, or corporation.
“So, Bitcoin represents a fair, open, equitable network with a very simple promise to anyone that wants to join, which is what you own is yours and no one’s going to take it away from you…
“In these markets right now, there’s no simple place to hide. All the indexes are in bear market territory. Bonds don’t represent a safe refuse because they’re currency derivatives. Stocks have to grow their cash flows faster than the inflation rate.
“But if you zoom out, two years since the beginning of the covet crisis, you notice the US money supply expanded 36%. Gold is up 7%. The S&P index is up 29%. The Nasdaq only up 19%. Bitcoin is up 229%. So, if you can stomach the volatility, you take the long view, you’ve got a safe haven there…
“Whenever I have some spare cash, we buy more Bitcoin. We’re taking a very very long view toward this. The network’s only getting better. Adoption is improving.
“Very constructive regulation is coming out of DC, and the Lightning Network is moving us closer to Satoshi’s promise of letting everybody in the world trade with each other at the speed of light in a fair and equitable fashion… I’ll be buying at the top forever… Bitcoin is an instrument of economic empowerment.”