MicroStrategy CEO Michael Saylor Describes Bitcoin As The Only Institutional-Grade Asset

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The CEO of business analytics software firm MicroStrategy, Michael Saylor while speaking in a Bloomberg interview highlighted that bitcoin is on another level of its own when compared to other cryptos. He believes that bitcoin is on the institutional-grade level and called it a store of value as he places all crypto assets into three distinct grades. He believes all institutional investors should have interest only on bitcoin.

 

Then you have unicorns. You have the Solanas and the Binance Smart Chains and the Ethereums. And they’re like the Airbnbs and the Ubers of this space, and there are sparks. And there’s a lot of money, and there’s a lot of risks. And if you’re Softbank, maybe you would get into those kinds of businesses. And we don’t know how those stories end.

 

And then you’ve got the smaller crypto ventures, right. The 6,000 projects out there that are looking for some future. And I think they’re all competing in a world where there’s some murkiness about what’s appropriate, what’s not.

 

MicroStrategy, obviously, only invests in Bitcoin. I think if you’re an institutional investor, the only institutional-grade asset, the only investable asset you can invest in is Bitcoin.”

Earlier this week, MicroStrategy announced that it added 5,050 BTC to its coffers, worth $240 million. The business analytics software firm has the largest Bitcoin holdings among publicly listed companies to the tune of 114,042 BTC, worth $5.44 billion at time of writing