Famous Bitcoin bull and founder of MicroStrategy, Michael Saylor, recently delivered a significant speech about Bitcoin (BTC). During his keynote speech at the ICR Conference in Orlando, Saylor urged companies to invest in Bitcoin and referred to bonds as “toxic.”
Saylor, who holds the largest amount of institutional Bitcoin, stated that bonds are “toxic” and emphasized that Bitcoin is an ideal investment vehicle for companies. He encouraged companies to purchase Bitcoin, highlighting the increase in Bitcoin’s value since MicroStrategy implemented its Bitcoin buying strategy in 2020, while the value of bonds has declined.
In light of this difference, Saylor recommended that companies have two options: either stick to traditional practices such as buying U.S. Treasury bonds or engaging in buybacks and dividends, or adopt innovation by adding Bitcoin to their investment portfolios.
Saylor’s remarks came after MicroStrategy’s consecutive purchase of Bitcoin for ten weeks. Additionally, he criticized companies like Microsoft and Nvidia for not embracing MicroStrategy’s Bitcoin strategy.
*Please note that this article does not provide investment advice.
