Cryptocurrencies
MicroStrategy’s Saylor Calls Bonds ‘Toxic’ in Pitch for Bitcoin
- Company’s co-founder speaks at ICR Conference in Orlando
- MicroStrategy owns about $41 billion worth of Bitcoin
Michael Saylor at the Bitcoin 2024 conference in Nashville.
Photographer: Liam Kennedy/BloombergThis article is for subscribers only.
Companies should buy Bitcoin because bonds are “toxic,” according to MicroStrategy Inc. co-founder and Chairman Michael Saylor.
Saylor compared returns in Bitcoin and bonds since 2020, noting that the cryptoasset has gone up since the company adopted its Bitcoin-buying strategy while bonds have declined, according to a slide in his presentation at the ICR Conference in Orlando on Monday.