MicroStrategy CEO Michael Saylor says cryptocurrencies will become a more valuable asset than gold in the future.
Michael Saylor said: "Bitcoin can at least be considered digital gold, and it will eat up gold (market share). It has all the great attributes of gold without any of its flaws."
Michael Saylor also predicts that Bitcoin will attract funds away from other risk assets, including the SPDR S&P 500 ETF (SPY), and that Bitcoin will begin to be included in the investment assets of other funds. (CoinDesk)
According to previous news, between February 26 and March 10, MicroStrategy purchased 12,000 Bitcoins for US$821.7 million, with the average price of each Bitcoin being US$68,477. As of March 10, MicroStrategy and its subsidiaries held a total of approximately 205,000 Bitcoins, with a total purchase price of $6.81 billion, and an average purchase price of $33,706 per Bitcoin.