- Michael Saylor, founder and CEO of MicroStrategy, has stated that people should add Bitcoin to their retirement portfolio, these statements come after Fidelity Investments announced that it would allow its clients to add Bitcoin to their retirement accounts, as we reported in the Market Times.
- “Calling it digital gold is an understatement. It really is the hardest money in the history of the world.”
- “Bitcoin is a digital property and that makes it the perfect asset for a retirement plan. It is less risky than bonds, stocks, commercial real estate and gold.
Michael Saylor, founder and CEO of MicroStrategy, has claimed that people should add Bitcoin to their retirement portfolio, coming after Fidelity Investments announced that it would allow clients to add Bitcoin to their retirement accounts, as reported in the Market Times.
In the middle of Microstrategy’s Q1 earnings conference call, Saylor stated that the market’s leading cryptocurrency is a much better asset than gold expressing what,
“Calling it digital gold is an understatement. It really is the hardest money in the history of the world. But if you’re thinking about generational wealth and if you want to leave something for your grandkids or if you want a retirement fund, that’s obviously a very, very compelling element of a 401(k).”
Michael Saylor, CEO of MicroStrategy
Saylor claims that Bitcoin is the least risky asset to invest in, as people are scared to put money into stocks and bonds due to current economic conditions. “Bitcoin is a digital property and that makes it the perfect asset for a retirement plan. It is less risky than bonds, stocks, commercial real estate and gold,” the executive told CNBC in an interview last Tuesday.
“A 401(k) plan is a very common thing that millions and millions of workers use to save to protect their family interests. This is going to fill an important gap in the market for investment products.”
Michael Saylor, CEO of MicroStrategy
So Saylor, via Twitter, announced in April that it was working with Fidelity to offer its employees access to Bitcoin as part of its 401(k) program. Saylor added during the interview:
