MicroStrategy CEO and Bitcoin bull Michael Saylor says buying Bitcoin is his number one priority.
In a new Family Office interview with Angelo Robles, the chief executive of the business intelligence company says he believes the best use of time and money is to buy BTC.
“So the single most accretive way to use money or time is to invest in Bitcoin because you’ve got a once in a lifetime, once in 50 years transformation where all of this $200 trillion of money sitting in analog fiat instruments is being encrypted and converted into a digital instrument which is thermodynamically sound… Time is money. Convert your money into Bitcoin…
Any time you’re spending analyzing it’s like, go to Venezuela, analyze every company, every piece of real estate, every bond index in Venezuela and figure out which ones you want to invest in and the answer is it’s all a waste of time. Everything you’re doing, if you’re analyzing frequencies of a minute, a day, a week, a month. That’s a waste of time.
Once you know how it all ends, the only use of time is, ‘How do I buy more Bitcoin?’ Take all your money. Buy Bitcoin. Then take all your time, figure out how to borrow money to buy more Bitcoin, then take all your time and figure out what you can sell to buy Bitcoin.”
Saylor also explains the key differences between a stock and BTC to highlight his thesis that Bitcoin will be worth hundreds of trillions of dollars in the future.
“Bitcoin is not a stock. Bitcoin is a bank. The price of a BTC is not the stock price of the Bitcoin company. The price of a BTC represents all the money deposited into the bank of Bitcoin divided by 21 million adjusted for inflation… When you look at it like that, you see that, in the near term, you’ll have volatility, day-to-day, week-to-week. But over the long term, the real question is, ‘How much money is going to get deposited in this bank in cyberspace?’ The next logical step is for all $10 trillion that’s in gold to get deposited and then for people to start to convert their negative-yielding bonds and their indexes. So as that money flows, the price just going to go up.”
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