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Microstrategy CEO Elaborates On His Conviction In Bitcoin Days After Adding $175 Million Worth Of The Asset To Company's Portfolio
Summary: Microstrategy CEO Michael Saylor outlined what motivated him to put the majority of his company's cash position into Bitcoin in a recent interview with Anthony Pompliano on The Pomp Podcast. Saylor highlighted that he missed Bitcoin's hayday in 2017 and didn't enter the space until this year. He explained that his conviction in Bitcoin is ...
Microstrategy CEO Michael Saylor outlined what motivated him to put the majority of his company's cash position into Bitcoin in a recent interview with Anthony Pompliano on The Pomp Podcast.
Saylor highlighted that he missed Bitcoin's hayday in 2017 and didn't enter the space until this year. He explained that his conviction in Bitcoin is rooted in the strength the network already has and the resilience the community has shown in supporting the asset even following hard forks.
"There is never an example of a hundred billion dollar monster digital network that was vanquished once it got to that dominant position," Saylor said. "So all you have to do is see that chart and think about the dynamic and the network effect and you think this is already won."
By Emily Mason
Tags: Bitcoin,BTC,Michael Saylor,MicroStrategy
Link: Microstrategy CEO Elaborates On His Conviction In Bitcoin Days After Adding $175 Million Worth Of The Asset To Company's Portfolio [Copy]
