Genius or Fool?
Microstrategy founder Michael Saylor makes a compelling case for owning Bitcoin. Only time will tell whether he is a prophetic genius or betting the company on a folly.
Yesterday, I watched a compelling interview with Micheal Saylor.
He is the founder and executive chairman of the business software company Microstrategy.
He is also one of the world's largest holders of Bitcoin (BTC).
His company owns over 158,000 BTC, worth approximately USD 5.7 billion. At current prices, he is sitting on a $1 billion profit.
Now, I know some people tune out when I discuss the role of BTC in our future financial system, but I persist because I am convinced that it makes sense for everyone to have at least some exposure to this asset class.
After watching the Saylor interview yesterday, my understanding of why it makes sense is much more precise.