MicroStrategy CEO: BTC will become a more valuable asset than gold in the future

In a recent statement, MicroStrategy CEO Michael Saylor made a bold prediction, stating that he believes cryptocurrency, specifically Bitcoin, will surpass gold in value in the future. Saylor emphasized that Bitcoin exhibits all the positive qualities of gold without any of its drawbacks, and will eventually dominate the market. He also suggested that Bitcoin would start to attract investment capital from other risk assets, such as the SPDR S&P 500 ETF (SPY), leading to its inclusion in other fund assets.

These comments come on the heels of MicroStrategy's significant investment in Bitcoin. Between February 26 and March 10, the company purchased 12,000 bitcoins for $821.7 million, averaging at a price of $68,477 per bitcoin. As of March 10, MicroStrategy and its subsidiaries collectively hold approximately 205,000 bitcoins, acquired at a total cost of $6.81 billion and an average price of $33,706 per bitcoin. This aggressive investment strategy demonstrates Saylor's unwavering confidence in the long-term potential of Bitcoin as a valuable and lucrative asset.

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