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MicroStrategy Plans To Invest In Bitcoin And Gold To Protect Against Dollar Inflation
Summary: Business intelligence company MicroStrategy plans to invest $250 million into Bitcoin, gold and other assets to protect against dollar inflation, CEO Michael Saylor said during his announcement of the company's new capital allocation strategy on July 28, as reported by Coindesk. Saylor said on the call that near-zero interest rates, helicopter money, and the threat ...
Business intelligence company MicroStrategy plans to invest $250 million into Bitcoin, gold and other assets to protect against dollar inflation, CEO Michael Saylor said during his announcement of the company's new capital allocation strategy on July 28, as reported by Coindesk.
Saylor said on the call that near-zero interest rates, helicopter money, and the threat of inflation as Congress continues to pass stimulus bills during the COVID-19 crisis are all contributing to potentially devaluing the dollar.
Saylor argued that Bitcoin's limited supply makes it an attractive investment compared to the dollar.
By Emily Mason
Tags: Bitcoin,COVID-19,Gold,inflation,Interest Rates
Link: MicroStrategy Plans To Invest In Bitcoin And Gold To Protect Against Dollar Inflation [Copy]
