According to Saylor Buying Only Bitcoin Is Better Than Buying 500 Altcoins

According to Michael Saylor, CEO of Microstrategy, "Buying only Bitcoin is better than buying 500 altcoins."

Michael Saylor, who introduced himself to the world with Microstrategy's Bitcoin purchases in August last year, has increased the number of BTC he has bought since then to over 100 thousand. In an interview with ETF Think Tank, Saylor listed the reasons why his company did not lend out the Bitcoins it received.

"It Doesn't Make Sense To Take This Risk..."

Asked in the interview why they also own more than 100 thousand Bitcoins and why they do not lend them, Saylor stated that it is not logical and not worth taking this big risk to make a single-digit profit. Saylor said: "I think the counterparty risk is high here. There are many problems from regulations to audits, from legal issues to accounting. I mean you take 100 times more risk in a 10 times more complex issue. And you do it for a 5% return a year. It's not worth it." Saylor stated that buying Bitcoin in this period last year significantly increased the recognition of the company, and explained that Bitcoin is a transforming force in this sense with the following words: “Bitcoin is one of the biggest, if not the biggest, technology of the last 10 years. It has affected the energy industry, changed investment communities and technology communities. This means that it has changed and shaped the economy and politics in general. Therefore, it attracts more and more people's attention every day. "

"Bitcoin Is Predictable..."

Stating that as the blockchain industry grows, people become addicted to innovations in crypto, they forget about Bitcoin, Saylor said: “I must say that in the entire blockchain universe, Bitcoin is the most predictable product. Everything else has an uncertain future. There is a huge uncertainty in terms of technical, security, legal. Also, people overestimate the precision in everything else, but the one in Bitcoin I see you sneering.” Saylor, who only buys Bitcoin and thinks that this will be enough, also receives serious criticism from the industry. Saylor says the following on this issue: “I think people typically underestimate all the risks of not buying Bitcoin. The value isn't in trading 250 or 500 different cryptocurrencies. The value is being able to take $50 trillion from bonds and invest it in Bitcoin, or get $100 trillion from real estate... He should buy Bitcoin and concentrate less on other assets…” According to the MicroStrategy CEO, each country can solve its own problems if they buy Bitcoin. Saylor describes it this way: "El Salvador, Cuba, USA, Russia, England, Turkey or France, if they buy Bitcoin, they will solve their economic problems. Every company in the world will fix their balance sheet if they buy Bitcoin. Bitcoin is the asset that hundreds of thousands of institutions and organizations solve their problems. The same is true for individuals. If If you're a money saver and want to buy land, gold, or any other finite asset in 100 years, Bitcoin is the best idea for that too."