Michael Saylor, the co-founder and CEO of business intelligence firm MicroStrategy, has once again demonstrated his bullish stance on Bitcoin (BTC), the largest cryptocurrency by market cap.
In a recent interview on the Fox News show “Tucker Carlson Tonight,” Saylor, whose company has accumulated Bitcoin in numbers, explicitly stated that he will buy the digital asset at the top forever, implying that he views the future that way safe is the asset class.
Also Read: MicroStrategy’s Michael Saylor: Countries, Banks, Conventional Finance Will Eventually Adopt Bitcoin (BTC)
During the course of the interview, Saylor also confirmed that bears have been dominating the market and stated that all indices are currently in bear territory.
The popular crypto big gun also reiterated the fact that Bitcoin has proven to be a better safe haven asset class compared to gold, S&P, Nasdaq and others.
Michael Saylor noted:
“Bitcoin is the safest thing in a very uncertain world. In a market full of chaos and noise and anger, people need a safe place where they can stay away from the intervention of a government, agency or company.
“So bitcoin represents a fair, open and just network with a very simple promise to anyone who wants to join that what you own is yours and no one will take it away from you…
“There isn’t an easy place to hide in these markets right now. All indices are in bear market territory. Bonds are not safe junk because they are currency derivatives. Stocks need to grow their cash flows faster than the rate of inflation.
Also Read: MicroStrategy CEO to Elon Musk: If You Can’t Buy Everything From Twitter, You Can Buy a Fraction of Bitcoin
“But if you zoom out two years into the appetite crisis, you find that the US money supply has grown by 36%. Gold is up 7%. The S&P index is up 29%. The Nasdaq was up just 19%. Bitcoin is up 229%. So if you can take the volatility, think long term, you have a safe haven there…
“Whenever I have some money left, we buy more bitcoin. We’re taking a very, very long view in that direction. The network keeps getting better. Acceptance improves.
“There’s some very constructive regulation coming out of DC, and the Lightning Network brings us closer to Satoshi’s promise to let all people in the world trade fairly and equitably with each other at the speed of light… I will shop above forever… Bitcoin is an instrument of economic empowerment.”
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