The billionaire revealed in an episode of CNBC that MicroStrategy CEO Michael Saylor still has room for cryptocurrencies other than Bitcoin Fast money, He expressed his views on the industry and his views on the future development.
In an interview with CNBC senior retail reporter Courtney Reagan (Courtney Reagan) on Tuesday, Thaler was initially asked why the software company kept buying BTC.This question refers to the company’s announcement on June 14 May sell stocks worth up to $1 billion Used for further BTC acquisitions.
Saylor described Bitcoin as “digital gold on a large technological network” and predicted that it will be adopted by billions of people around the world.
Thank you @CourtReagan & @GuyAdami Invite me to join @CNBCFastMoney Discuss our #Bitcoin Strategy, increase institutions to use BTC and gold as inflation hedges, $MSTR Capital market strategy, and the future of the crypto industry. https://t.co/OY3wtGNna0
— Michael Saylor (@michael_saylor) June 15, 2021
However, the most interesting comments in the interview may appear in Fast money The co-host Guy Adami bought the topic of “Bitcoin Extremism” after searching the word on Google. He asked Saylor what he thinks of Ethereum and whether there is room for the company’s ETH strategy.
Saylor said that he sees Bitcoin as a “digital property” and the most valuable and dominant network, and compares it to the building block base of the ecosystem:
“Think of it as a granite block in the network Manhattan. Then you have digital currencies like Tether and stablecoins. They want to be the currency market in cyberspace… Then you have digital applications like Ethereum .”
He added: “Ethereum wants to dematerialize the JPMorgan Chase Building, banking institutions and all exchanges,”
He asserted that different crypto assets have a place, adding: “I think as the market starts to understand these things, everyone has a place.”
However, the CEO of the software company did not imply that the company will take any action in the near future to buy Ethereum or any other crypto assets.
related: MicroStrategy stock drops after announcing a new $400 million debt raise to buy Bitcoin
In a filing with the US Securities and Exchange Commission on Monday, MicroStrategy stated that it would launch an “in the market” securities offering, and over time, it could sell up to $1 billion in stocks.
On June 9, the company announced Completed the issuance of US$500 million secured notes, And said it plans to use the proceeds to buy more bitcoins.
Saylor outlined his thoughts in a poll of his 1.2 million Twitter followers, asking them whether they think the BTC price will exceed 6.125% in the next seven years (this is what MicroStrategy must repay to bond buyers during this period) Amount). At the time of writing, 90% of the 105,000 respondents voted yes.
The price you expect is #Bitcoin Will it appreciate more than 6.125% per year in the next seven years?
— Michael Saylor (@michael_saylor) June 15, 2021
Bitcoin Treasury Bond According to reports, MicroStrategy currently holds 92,079 BTC, which is worth 3.68 billion U.S. dollars at current prices.
