MicroStrategy’s Michael Saylor has been in the spotlight a lot for a while now. The Bitcoin maximalist promotes the king asset, despite the massive volatility in the crypto market.
Michael Saylor addresses BTC as an important investment
MicroStrategy founder and CEO Michael Saylor says that people should add crypto to their retirement portfolio following Fidelity Investments’ decision to launch a Bitcoin (BTC) option for its 401(k) plans.
As the online publication the Daily Hodl notes, during Microstrategy’s Q1 earnings conference call on Tuesday, Saylor says that the leading cryptocurrency is a far better asset than gold.
“To call it digital gold is an understatement. It really is the hardest money in the history of the world. But if you’re thinking about generational wealth and if you wanted to leave something for your grandchildren or if you wanted a retirement fund, it’s obviously a very, very compelling element of a 401(k)… ”
Saylor continued and pointed out the following:
“What have I wanted to hold some kind of commodity money that’s better than a commodity because no one can make any more of it and Bitcoin is that thing.”
He believes that people fear placing their wealth in stocks and bonds due to the current economic conditions. Saylor also made sure to point out the fact that Bitcoin is the least risky investment that one can have for retirement.
Bitcoin’s popularity is on the growth these days and more people understand that the king coin brings financial freedom.
Bitcoin is praised by more important names in the crypto space
Not too long ago, we were revealing that macro strategist Lyn Alden has recently said that Bitcoin (BTC) will surpass all other digital currencies to become the dominant form of money.
In a new interview with the What Bitcoin Did podcast, Alden explained the fact that the race for dominance is between BTC and central bank digital currencies (CBDCs).