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Michael Saylor Predicts Large Investor Shift from Gold to Bitcoin After Shopping for One other $10M Price of BTC

02/02/2021

Michael Saylor, the ‘bitcoin slayer’ that wants no introduction, continues his assaults on every part non-bitcoin, this time unleashing his wrath on gold.

It Feels Nice, Says Saylor of Proudly owning Extra Than 71K Bitcoins

In an interview with Andrew Henderson of Nomad Capitalist, a authorized finance advisory, Saylor, condemning gold as a “dying asset” and “lifeless cash,” supplied his view of the way forward for funding: gold is out, bitcoin is in.

To recap Saylor’s ascent to bitcoin supremacy, his agency Microstrategy made headlines for its relentless bitcoin purchasing spree throughout 2020, shopping for 29,646 cash in December alone. 2021 isn’t any completely different, with Saylor saying immediately one other buy of 295 bitcoins, bringing his complete to 71,079.

Right here’s how Saylor explains within the interview his aggressive buying habits

It’s a long-duration, safe-haven asset. You possibly can’t debase it. For those who look in the long run, ten, twenty, thirty years, proudly owning bitcoin is like encrypting your financial vitality in a approach that may protect it, with none degradation in the long run.

And it appears to be paying off for his agency, as he boasts on this tweet:

Relating to the grim way forward for gold, Saylor had this to say:

Gold is lifeless cash. Promote your gold, purchase Bitcoin as a result of different persons are going to promote their gold and in case you wait till you’ve been front-run by all of the hedge funds after they dump their gold, you’re going to be the final individual out.

Saylor doesn’t cease at gold. For him, some other type of funding that’s not Bitcoin, is simply not value it:

Take a look at each asset class for the final six months. Take a look at gold, take a look at NASDAQ, take a look at the S&P, take a look at bonds. They’re all chopping. They’re not going wherever. What’s working? Bitcoin’s working. It’s tripled or quadrupled, however let’s say tripled straightforward.

Watch the total interview beneath ->

What do you consider Gold vs Bitcoin as funding autos? Tell us within the feedback sections beneath.