The bitcoin purchase of today’s time is similar to the investment that was made 10years ago on Google, Apple, Facebook
The enthusiasts of the crypto seem to have likened the Bitcoin patronage of today’s tome to that of the best of tech brands such as Apple, Google, and Facebook almost a year ago. In a recent interview, Michael Saylor who is the MicroStrategy CEO stated his bitcoin on why the bitcoin purchase of today’s time is like the investment that was made 10years ago on Google, Apple, Facebook. In this interview that he recently made with the block journal, he stated some of the key reasons that showed the company’s investment of $425 million in Bitcoin as the store of wealth option
Further in his interview, Saylor also stated that bitcoin is not just the hedge in oppose to the inflation of the asset but also it works as the first possibility say the dominant digital monetary network. The Saylor may go on to the liken for using the cryptocurrency to the other digital service revolutionary giants. By this, he means the monetary digital network which is put on the shelf next to Google for being the primary search network of the digital base. YouTube is the first video network of digitalization. While apply is the first digital mobile networking platform. Moving further, Facebook is considered the primary digital social networking platform which of course is the powerful part.
The CEO also disclosed that the store of value properties of the bitcoin beat the precious metal as the crypto asset has turned out to be quite strong and fast as compared to the physical gold. Saylor assumes it to the gain for the Bitcoin 2020 on the yearly revenue as buying now is to get in early. MicroStrategy has recently made quite headlines sometimes back for the initial investment of $250 million. Saylor further has also managed to convince the MicroStrategy board for allocating nearly the whole company’s $425 million cash position on bitcoin.
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