MicroStrategy CEO Michael Saylor has described Bitcoin as a lifeboat tossed on a stormy sea, offering hope t anyone that needs to get off their sinking ship.
Mr. Saylor also pointed out that Bitcoin will outlast all of us.
He added that Bitcoin is the only asset that allows you to accumulate monthly. Unlike commercial real estate and oil.
MicroStrategy CEO, Michael Saylor, has compared Bitcoin to a lifeboat tossed on a stormy sea.
According to his analysis, Bitcoin is a lifeboat that offers hope to anyone that needs to get off their sinking ship. Mr. Saylor shared his analogy of Bitcoin through the following tweet that also includes a clip from an interview he did on CNN.
#Bitcoin is a lifeboat, tossed on a stormy sea, offering hope to anyone in the world that needs to get off their sinking ship. We are witnessing the birth of a new industry during the worst financial crisis of our lifetime. My interview w/@jchatterleyCNNpic.twitter.com/P2QJWgyf0S
Michale Saylor began the interview by reiterating that MicroStrategy remained committed to its Bitcoin strategy despite the ongoing BTC drawback and was in it for the long haul. He also pointed out that Bitcoin will outlast all of us.
Step Back and Look at the Big Picture.
Concerning MicroStrategy sitting on unrealized Bitcoin losses to the tune of one billion dollars, Mr. Saylor once again reiterated the need to look at the bigger picture. He said:
We’re committed for the long term. I think you got to step back and look at the big picture. The S&P 500 has got the worst start since 1970 and we are witnessing the birth of a new industry through the worst financial crisis of 50 years…people who understand Bitcoin…understand that this is a totally new industry.
Bitcoin is Digital Energy – Mr. Saylor.
When asked whether Bitcoin was a bubble, Mr. Saylor reiterated his time-tested insights that BTC was digital energy. He explained:
Bitcoin is digital energy. It’s incorruptible and destructible, programmable it lasts forever…and you know the average person has to sift through thousands of stocks. Thousands of coins, thousands of investment properties.
All these have risks. There’s a lot of confusion but one thing we are not confused about is that Bitcoin is a hundred times bigger than the next digital energy network. It is the dominant one.
You Cannot Dollar Cost Average into Real Estate nor Stock Pile Oil. But you Can Accumulate Bitcoin Monthly.
Mr. Saylor went on to add that Bitcoin is the only asset that allows investors to buy small chunks of it at regular intervals. According to his analysis, such a feature for an asset is totally different from real estate or oil. He said.
And you know, if you are looking at it as an investor, well you know what is your choice. You cannot dollar cost average into commercial real estate, you can’t stock pile oil for the next decade.
Bitcoin on the other hand, is something you can accumulate monthly. You can keep it for your entire life and so it’s fundamentally different than anything that has come before it.