The CEO of Nasdaq-listed business intelligence firm MicroStrategy, Michael Saylor, has revealed he sees bitcoin as a “once in a lifetime” transformation in which fiat instruments are being “encrypted and converted into a digital instrument,” and as such thinks the best use of time and money is to invest in BTC.
In a Family Office interview, first spotted by Daily Hodl, with Angelo Robles, the well-known bitcoin bull revealed he sees BTC as the “single most attractive way to use money or time.” He said:
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.
Saylor added that “time is money” and investors should convert their money into bitcoin, claiming that time spent analyzing companies, real estate, bond indexes in specific regions is “a waste of time” as once investors figure out how things will turn out, they will turn to bitcoin.
He added:
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.
During the interview, the CEO of MicroStrategy also highlighted key differences between equities and bitcoin to further defend his predilection that bitcoin’s market value will surpass $100 trillion in the future. Saylor has in the past said the cryptocurrency will become a “stabilizing influence” for the global financial system.
MicroStrategy has invested over $2.2 billion in bitcoin, and now has 91,326 BTC in its treasury. The coins are worth over $5 billion.
Featured image via Pixabay.
