In a recent interview with Saudi National Television, Michael Saylor, Chairman of Strategy (formerly MicroStrategy), urged the Saudi Sovereign Wealth Fund to consider investing in Bitcoin. He emphasized the potential for substantial growth, stating, "If you want your money to grow a thousandfold, then buy Bitcoin."

The Saudi Sovereign Wealth Fund, known as the Public Investment Fund (PIF), manages assets totaling approximately $930 billion, making it one of the largest sovereign wealth funds globally. PANews

Saylor's advocacy for Bitcoin aligns with his longstanding belief in the cryptocurrency as a superior store of value compared to traditional assets like gold or sovereign bonds. His company, Strategy, has been a notable institutional investor in Bitcoin, holding a significant amount on its balance sheet.

As of May 8, 2025, Bitcoin is trading at approximately $99,811, reflecting a 2.97% increase from the previous close. Binance

While Saylor's recommendation is bold, it's important to note that investment decisions, especially at the scale of sovereign wealth funds, involve complex considerations, including risk assessment, regulatory compliance, and long-term strategic goals.

For a deeper understanding of Michael Saylor's perspective on Bitcoin and its role in corporate and sovereign investment strategies, you may find his keynote speech insightful: