“I will be buying forever”: Michael Saylor on Bitcoin

  • Bitcoin is an instrument of economic empowerment,” said Michael Saylor, CEO of MicroStrategy.
  • Saylor said that he will continue to buy Bitcoin “forever” as he takes a long-term investment view.
  • Once again, Saylor praised Bitcoin, stressing that the project is continually improving.

On May 27, MicroStrategy co-founder and CEO Michael Saylor again shared his thoughts on the Bitcoin project and his company’s investments in the most valuable cryptocurrency on the market. Saylor claimed that he will continue to invest in BTC, “buying forever,” he asserted.

Saylor, who is a recognized bitcoiner and defender of this project, once again reiterated his confidence in the currency invented by Satoshi Nakamoto, and said that his investment in Bitcoin is for the very long term. Saylor said that Bitcoin is constantly improving, and that it is a tool for people to have control over their money.

Whenever I have some extra money, we buy more Bitcoin. We’re taking a very, very long-term view of this. The network is only getting better. Adoption is improving. There is some very constructive regulation coming out of DC, and the Lightning Network is bringing us closer to Satoshi’s promise to allow everyone in the world to trade with each other at the speed of light in a fair and equitable way… I’ll be buying for always… Bitcoin is an instrument of economic empowerment.”

Michael Saylor, CEO and co-founder of MicroStrategy.

Saylor shared these words last Friday, during an interview for the Fox News show Tucker Carlson Tonight. There, Saylor also mentioned that Bitcoin is security in the midst of uncertainty:

Bitcoin is the safest thing in a very uncertain world. In a market full of chaos, sound and fury, people need a safe place to stay out of government, agency or corporate intervention. So, Bitcoin represents a fair, open and equitable network, with a very simple promise to anyone who wants to join, that what you have is yours and no one is going to take it from you…

Michael Saylor, CEO and co-founder of MicroStrategy.

It should be noted that from August 2020, MicroSrategy began accumulating funds in BTC, with Saylor announcing each purchase via Twitter. The most recent acquisition took place at the beginning of last month , when MicroStrategy bought 4,167 BTC, amassing an estimated total of 129,218 BTC so far.

Through these Bitcoin investments, MicroStrategy is getting closer to doubling its dollar market capitalization. In addition, it is the US public company with the largest amount of BTC in its reserves, as can be seen on the Bitcoin Treasuries website, accumulating almost three times the BTC holdings of Tesla, the second public company with the largest amount of Bitcoin in USA.