MicroStrategy co-founder Michael Saylor has revealed why his company has adopted a ‘Bitcoin Strategy’ since August 2020. The tech entrepreneur also discussed Microsoft’s upcoming shareholders’ meeting, where they will vote on whether to adopt Bitcoin on their balance sheet.
Michael Saylor Reveals Reason For MicroStrategy’s ‘Bitcoin Strategy’
In a CNBC interview, Michael Saylor suggested that his company adopted the Bitcoin strategy because of BTC’s volatility and capped supply. While discussing how they profit from this strategy, Saylor highlighted how the flagship crypto has outperformed other commodities like gold and silver.
He stated that Bitcoin has a 60% volatility and ARR (annual recurring revenue), unlike these other commodities with low volatility that don’t even last that long. Saylor further remarked that BTC is the only commodity invented in the history of the human race that is “absolutely capped.”
In line with this, the MicroStrategy co-founder said
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