##MicroStrategy Chief: ‘Bitcoin Is Less Risky Than Holding Gold’

 

           

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MicroStrategy CEO Michael Saylor told Bloomberg that bitcoin is less risky than holding cash and gold.

Saylor touted bitcoin's finite supply.

He would sell bitcoin if bond yields were to soar.

MicroStrategy CEO Michael Saylor had the crypto community at hello. Now, after pouring $425 million of the company’s funds into bitcoin, he is cementing his reputation among crypto investors as a pioneer in corporate America.

Saylor in an interview with Bloomberg discussed the final straw that caused MicroStrategy to change up its treasury gameplan, saying the dovish Fed’s latest inflation policy sent him barreling into bitcoin. In recent days, MicroStrategy bolstered its bitcoin allocation after revealing a $250 million allocation in August.

Now Saylor has come out swinging against bitcoin’s rival store-of-value asset, gold, telling Bloomberg that bitcoin is a safer investment than the precious metal:

“We feel pretty confident that bitcoin is less risky than holding cash, less risky than holding gold.”