MicroStrategy CEO called bitcoin the most reliable asset

What’s new? MicroStrategy CEO Michael Saylor has stated that he will always buy bitcoin. Such a maximalist approach is based on the fact that a digital asset is a tool for economic empowerment, he added. Saylor called bitcoin “the most certain thing in a very uncertain world” and noted that as soon as he or the company has spare money, he will invest in BTC. Saylor said this in an interview on the Tucker Carlson show.

Tonight, I was on @TuckerCarlson's show reminding everyone that #Bitcoin is the most certain thing in a very uncertain world. In a market full of chaos, sound, and fury, people need a safe place to stand, apart from the intervention of a government, agency, or corporation. pic.twitter.com/moVHBOCqGF— Michael Saylor⚡️ (@saylor) May 28, 2022

What else did Saylor say? According to Saylor, the first cryptocurrency is becoming more stable and there is constructive news coming out of Washington about laws on regulation. In this, he believes the general mood in the markets is far from calm. A better “safe place” may be the bitcoin market, which is “a fair, open, equitable network with a very simple promise to anyone that wants to join, which is what you own is yours and no one’s going to take it away from you.”

As of May 30, 9:40 Moscow time, BTC is trading at $30 727 (according to Binance).

What is known about MicroStrategy? It is a business intelligence software company. MicroStrategy was founded in 1989 by Michael Saylor, Sanju Bansal, and Thomas Spahr. MicroStrategy invested $250 million in bitcoins as a backup asset in August 2020.

What events happened before? On May 10, Saylor said that MicroStrategy did not plan to sell bitcoins from its cryptocurrency reserves to secure previously taken loans. MicroStrategy can pledge 115 109 BTC to secure a $205 million term loan. This amount would be sufficient until the bitcoin price falls below $3562. If the price falls even lower, the company could post another collateral, Saylor stressed.

On April 26, MicroStrategy announced that it would offer employees the opportunity to invest retirement savings from a 401(k) account in bitcoin. Saylor said the company would partner with the custodial platform, Fidelity Investments.