MicroStrategy founder: No reason to sell Bitcoin, ETF opens door to institutional capital inflows

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Cointime2024/02/21 00:06

By:Cointime

Michael Saylor, the founder of MicroStrategy, said in an interview that "spot ETFs have opened the door for institutional capital inflows into the Bitcoin ecosystem. ETFs are promoting the digital transformation of capital, and hundreds of millions of dollars of capital are flowing into the digital economy from traditional analog ecosystems every day. Bitcoin is a strategy to exit the traditional ecosystem."

Michael Saylor believes that Bitcoin's market value has just exceeded $1 trillion and is competing with asset categories such as gold, real estate, and even the SP index. The market value of all these assets is much higher than that of Bitcoin, but he believes that Bitcoin itself is superior to all of them as an asset, so there is no reason to sell it in this situation.

As previously reported by BlockBeats, with the short-term breakthrough of Bitcoin's price to $53,000 yesterday, MicroStrategy's Bitcoin holdings have gained over $4.1 billion, and the total value of its holdings has exceeded $10 billion. Currently, it holds a total of 190,000 Bitcoins with an average purchase price of $31,224 per coin.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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