In a recent World Family Office Forum event, Michael Saylor shared his thoughts on why he thinks Bitcoin is a better store of value.
Michael Saylor is the founder and CEO of MicroStrategy Inc. In the crypto space, MicroStrategy has grown in fame due to its aggressive purchase of Bitcoin as a store of value versus traditional cash. In his own research, he stated that the real yield on treasury is negative 24%. It came as a shocker and there emerged an exigent need to find another asset class which would not devalue as much.
Saylor further opined that currency is debasing at 15% per year. All these led to him investing corporate treasure in Bitcoin.
So far, it seems all stars are aligned in Saylor’s favour. Bitcoin has rallied to nearly $55,000 pushing up the assets of MicroStrategy.
Every week we are hearing of some funds or companies switching from cash to Bitcoin. Indeed, this year will be the year institutional FOMO may creep into the cryptocurrency space.
