MicroStrategy CEO: BTC will become a more valuable asset than gold in the future

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Cointime2024/03/12 05:38

By:Cointime

MicroStrategy CEO Michael Saylor said that cryptocurrency will become a more valuable asset than gold in the future. Michael Saylor said: "Bitcoin can be considered at least as digital gold, and it will consume gold (market share). It has all the great properties of gold and none of gold's defects." Michael Saylor also expects Bitcoin to attract funds from other risk assets, including the SPDR SP 500 ETF (SPY), and Bitcoin will begin to appear in other fund assets. (CoinDesk) Earlier news, between February 26 and March 10, MicroStrategy purchased 12,000 bitcoins for $821.7 million, with an average price of $68,477 per bitcoin. As of March 10, MicroStrategy and its subsidiaries held a total of approximately 205,000 bitcoins, with a total purchase price of $6.81 billion, and an average purchase price of $33,706 per bitcoin.

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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