Michael Saylor urges businesses to turn to Bitcoin, and calls investing in national debt "poison"

PANews reported on January 14th, according to Bloomberg, MicroStrategy co-founder and chairman Michael Saylor stated at the Orlando ICR conference that businesses should turn to Bitcoin investment because traditional bonds such as national debt are "poison". He emphasized that since the company began implementing a Bitcoin investment strategy in 2020, Bitcoin has outperformed bonds. He suggested that businesses regard Bitcoin as digital capital.

Saylor revealed that MicroStrategy recently increased its holdings of Bitcoin again with $243 million. This is the tenth consecutive week of increase. The company currently owns about $41 billion in Bitcoins, accounting for more than 2% of the total supply of Bitcoins. He also criticized companies like Microsoft and Nvidia for not following MicroStrategy's bitcoin investment strategy. Saylor encouraged businesses to "embrace the future", stating that "the only consequence of taking action is becoming wealthy."