Michael Saylor: You Can Move ???? the World with Bitcoin If You Take My Advise | Elon Musk on Fire

Michael Saylor: You Can Move ???? the World with Bitcoin If You Take My Advise | Elon Musk on Fire

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Michael Saylor, Microstrategy CEO, discusses his bitcoin strategy, and recommends companies, including Apple, Tesla and Amazon, that are sitting on large mounds of cash, invest in bitcoin. He says it's not as volatile as it used to be and calls it the world's first engineered safe-haven investment.
Shares of MicroStrategy fell more than 7% Tuesday after the enterprise software company announced intentions to purchase more bitcoin. In a press release, MicroStrategy said it plans to offer $600 million of senior convertible notes and use the net proceeds to buy bitcoin. After the announcement, its share price had risen more than 5% in premarket trading.
Michael Saylor says he sees an “avalanche” of companies moving their cash into Bitcoin over the next 12 months.
The chief executive officer of MicroStrategy Inc. and Bitcoin proselytizer made the projection at his company’s World Now global conference that featured breakout sessions on the future of Bitcoin and how corporations can best position themselves to capitalize on the digital token. According to Saylor, 1,400 firms signed up for the session on Bitcoin legal considerations.
Saylor is among the crypto proponents who have seized on a narrative -- that Federal Reserve policies are equal to money printing -- to promote the notion that Bitcoin is a store of wealth even though inflation remains mostly muted. In August, he had announced that MicroStrategy had begun buying Bitcoin. https://youtu.be/9gEX8WFsNz8
Michael Saylor: You Can Move ???? the World with Bitcoin If You Take My Advise | Elon Musk on Fire

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