Michael Saylor, the ‘bitcoin slayer’ who needs no introduction, continues his attacks on all things non-bitcoin, unleashing his rage on gold this time.
It feels great, says Saylor of owning more than 71K bitcoins
In an interview with Andrew Henderson from Nomad Capitalist, a legal financial adviser, Saylor, condemned gold as a “dying asset” and “dead money.” He gave his vision of the future of investment: gold is out, bitcoin is in.
To sum up Saylor’s ascent to bitcoin supremacy, his firm Microstrategy made headlines for its relentless bitcoin shopping in 2020, Buy 29,646 coins in December alone. 2021 is no different, with Saylor today announcing a new purchase of 295 bitcoins, bringing his total to 71,079.
MicroStrategy has purchased approximately 295 bitcoins for $ 10.0 million in cash, at an average price of ~ $ 33,808 per #bitcoin. We now #hodl Acquired ~ 71,079 bitcoins for $ 1.145 billion at an average price of ~ $ 16,109 per bitcoin.https://t.co/lmj3QCgKbw
– Michael Saylor (@michael_saylor) February 2, 2021
This is how Saylor explains his aggressive buying habits in the interview
It is a long-term safe haven. You cannot lower it. If you look in the long run, ten, twenty, thirty years, owning bitcoin is like encrypting your monetary energy in a way that preserves it without any deterioration in the long run.
And it seems to be paying off, as he boasts in this tweet:
Regarding gold’s grim future, Saylor said the following:
Gold is dead money. Sell your gold, buy bitcoin because other people are going to sell their gold and if you wait to be run by all the hedge funds when they dump their gold you will be the last to fall out.
Saylor doesn’t stop at gold. To him, any other form of investment that isn’t Bitcoin is just not worth it:
View each asset class from the past six months. Look at gold, look at NASDAQ, look at the S&P, look at bonds. They are all chopping. They’re not going anywhere. What works? Bitcoin works. It’s tripled or quadrupled, but let’s say tripled easily.
Watch the full interview below ->
What do you think about gold versus Bitcoin as investment vehicles? Let us know in the comments below.
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