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MicroStrategy: Bitcoin is a Once in a Lifetime Transformation

MicroStrategy Bitcoin is a Once in a Lifetime Transformation
  • MicroStrategy CEO revealed his thoughts on Bitcoin being a once in a lifetime transformation.
  • During the interview, Michael Saylor said the best use of time and money is to buy bitcoin.
  • According to CoinGecko, Bitcoin price is currently at $58,089

MicroStrategy CEO Michael Saylor has revealed his view of Bitcoin as a once in a lifetime transformation. He made sure to say so during a new Family Office interview with Angelo Roberts. Saylor highlighted what one can do to buy Bitcoin. This is because he thinks Bitcoin is a good fiat instrument. He said,

So the single most accretive way to use money and 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 encrypted and converted into a digital instrument which is thermodynamically sound. Time is money. Convert your cash into Bitcoin.

Moreover, MicroStrategy invested over 2.2 billion USD in BTC just a few weeks ago. They also bought 205 more Bitcoin, which boosted their current total holding. Now, Microstrategy has a total of 91,326 BTC in its treasury. Their acquired BTC total value is over $5 billion. Saylor claims that the average amount for their purchase is $24,214 per BTC.

Since MicroStrategy’s infamous Bitcoin purchase in 2020, the firm has repeatedly bought more BTC and has made many headlines. The company is still filling up its Bitcoin piggy bank — the most recent being its 262 BTC purchase for $15 million.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.