Michael Saylor calls Bitcoin a 'steel ship' while fiat and gold decline: Inside his $500 million shift
Michael Saylor described fiat as a melting asset and chose Bitcoin to protect MicroStrategy's $500 million balance sheet. He compared Bitcoin's fixed supply to the fully diluted number of shares, labeling it superior to gold and real estate. Saylor revealed that MicroStrategy's Bitcoin buying strategy includes OTC trades, algorithmic precision, and strict custody security. Michael Saylor, Executive Chairman of MicroStrategy, appeared on Real Vision to explain the thinking behind his company's transition to Bitcoin. In an extensive interview, he discussed fiat currency, gold, asset inflation, and how MicroStrategy ended up with an investment of over $500 million in BTC. In a conversation with host Raoul Pal, Saylor labeled Bitcoin as the only asset capable of preserving value over the century, describing it as a 'cargo ship with a steel hull' compared to the 'inflatable boat' of fiat currency and the 'rotting wooden ship' of gold.
'I was sitting on an ice block worth $500 million'
Saylor began to detail his growing concerns about the US dollar. He described fiat money as a melting asset that loses 6% per year in good years and up to 25% during inflation spikes. As the CEO of a public company, he realized that investors…
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