In an interview with Dave Portnoy, founder of Barstool Sports, Michael Saylor, co-founder and former CEO of Microstrategy, said that he plans to continue buying bitcoin as part of the company's strategic reserve, even if the price of bitcoin reaches $1 million per coin. Michael Saylor compared bitcoin to the Manhattan real estate market, which he pointed out was considered "expensive" in the 1830s and 1930s, but 100 years later people will still buy Manhattan real estate for more than the market price, the only question is whether you can hold it during this time, because people will want to buy it.
Michael Saylor added that owning bitcoin is both an economic and a moral decision because it gives the holder the ability to control their money. He also explained bitcoin to Dave Portnoy in sporting terms and said that Satoshi Nakamoto created the bitcoin game so that everyone can win.
Michael Saylor: Even if the bitcoin price reaches $1 million per coin, it will continue to buy
2024-12-10 04:29:08
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