Saylor Welcomes JPMorgan to Crypto, Ready to Compete
CEO Strategy Michael Saylor stated he would welcome leading investment manager JPMorgan Chase & Co if they enter the crypto industry. He is also prepared to compete with the company.
He revealed this during an interview with Bloomberg when asked about JPMorgan entering the crypto industry, which would create competition with his company.
"So I welcome competition from JPMorgan, I hope to enter that space. Our advantage is that we are 100% Bitcoin," he said in a video interview with Bloomberg, Wednesday (11/06).
According to him, the company he leads can outperform JPMorgan, because the preferred shares they own offer liquidity ease. This is because the performance of those shares is aligned with the movement of Bitcoin (BTC), thus achieving the highest performance among stocks in the world.
Furthermore, the trend of Bitcoin adoption among institutions is widening, indicating a growing confidence in crypto assets. Moreover, Strategy as the initiator has shown its performance, which is one of the reasons other companies are adopting Bitcoin.