As a seasoned investor with a keen eye for spotting promising opportunities, I find Michael Saylor’s advocacy for Bitcoin intriguing. Having witnessed the digital revolution unfold over the past few decades, I can attest to the transformative potential of emerging technologies, and Bitcoin, with its market cap nearing that of Alphabet, certainly fits the bill.
Michael Saylor, who serves as the executive chairman at the data analysis company MicroStrategy, recently delivered a brief speech lasting about three minutes to Microsoft’s board of management.
The Bitcoin evangelist attempted to explain why the tech giant should adopt Bitcoin, the largest cryptocurrency with a market cap of nearly $2 billion.
In his presentation, Saylor mentioned that Microsoft “could not afford to miss out on the next technology wave.
The billionaire has mentioned that Bitcoin represents “the greatest digital transformation of the 21st century.”
Currently, Bitcoin ranks as the sixth most valuable asset globally based on market capitalization, and it’s projected to potentially outshine Alphabet, the corporate entity behind search titan Google.
In the opinion of Saylor, the concept that Bitcoin embodies – digital capital – surpasses traditional physical capital both economically and technically.
He claims that Bitcoin represents “a revolutionary advance” in capital preservation.
“It makes sense for Microsoft to be powered by digital capital,” Saylor said.
He explains that the flagship cryptocurrency is the highest-performing uncorrelated asset that a corporation can possibly hold on its balance sheet.
Instead of going for stock buybacks, which many corporations choose, Saylor advocates for investing in Bitcoin as an alternative strategy if the goal is to surpass the overall market performance.
Saylor underscores that MicroStrategy surpassed all stocks within the S&P 500 index.
The MicroStrategy stock is up by a staggering 465% on the year-to-date basis.
According to U.Today, a suggestion made by the National Center for Public Policy Research (NCPPR) for Microsoft shareholders to diversify their investments with Bitcoin is set to be voted on December 10th. However, Microsoft’s board has already expressed its recommendation against this proposal and has cast a vote against it.
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2024-12-02 11:05