CEO MicroStrategy: We can liquidate our assets in bitcoin at any time.

in #bitcoin4 years ago

CEO of MicroStrategy, which has invested $425 million in bitcoin over the past two months, Michael Saylor said they can liquidate their cryptographic assets at any time.

"We can liquidate them at any day of the week, at any hour. If I need to liquidate $200 million in bitcoin, I can do it on Saturday. If I go down, I think it will be 2%," he said in a conversation with Bloomberg.

At the same time Saylor emphasized that under the conditions of the US Federal Reserve's policy on increasing inflation, Bitcoin seemed to them to be the best solution. "We are quite sure that it is less risky to keep Bitcoin than traditional currency and gold," he explained.

Before the crisis started, MicroStrategy held about $500 million in short-term government securities. Saylor began to ask questions about the expediency of such a strategy against the background of declining returns on investment. He estimates that asset inflation will exceed 20% per year, which will have a sharp impact on their purchasing power.

MicroStrategy invested some money in share buyback and began to consider real estate investments, but found that the commercial market has undergone fundamental changes. Gold continues to be mined, while the issue of Bitcoin is limited, he added.

It was easier to invest in Bitcoin than other public companies, as 73 percent of the vote and almost a quarter of the shares are concentrated in Saylor's hands. However, the CEO expects other market participants to follow suit within three to six months. "They may be closed companies first because they are less conservative. Then there will be public companies of our and medium size," he said.

According to Saylor, 10 other major shareholders supported his idea to buy Bitcoin. "Volatility is not a reason to sell. Now it's the only instrument with a positive real return we've found," he added.

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