Michael Saylor is truly the king of Bitcoin. First investing in 2020 when he saw the inevitable destruction of value of the cash held on his companies balance sheet, Saylor has continued investing all of Microstrategies Free cash flow into Bitcoin ever since.
On top of this, during periods time in which Microstrategy stock is selling at a premium, Saylor will sell off company stock to reinvest into Bitcoin, with his company going even one step further and taking on debt and loans to purchase even more bitcoin.
It’s suffice to say that Saylor has 100% conviction in Bitcoin, & this doesn’t translate whatsoever into any other cryptocurrency at all, in particular, Ethereum.
Speaking at the Bitcoin 2023 conference, Saylor made a huge point on why there is no second best cryptocurrency in comparison to Bitcoin and he also gave out a stark warning to any investors looking to make higher returns in other coins outside of Bitcoin.
Make sure to stick around to the end of the video where Saylor gives 3 reasons he believes Bitcoin is king and why Institutions are only going to be lining up to buy Bitcoin & not Ethereum.
About Michael Saylor:
Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services.
Credits: To watch the full interview highlighted in the video (and subscribe to a great crypto resource!) Check out Bitcoin Magazine:
