Bitcoin has 'all the great attributes & none of the defects' of gold: MicroStrategy's Michael Saylor
CNBC Television・5 minutes read
Bitcoin reached a record high above $72,000, with MicroStrategy holding a significant amount of Bitcoins. The halving event is expected to decrease supply, driving up demand and prices, while MicroStrategy serves as a proxy for Bitcoin investment through intelligent borrowing strategies.
Insights
- MicroStrategy, holding a significant amount of Bitcoins, acts as a proxy for investors seeking exposure to Bitcoin without directly purchasing the cryptocurrency.
- The upcoming halving event, reducing the organic supply of Bitcoin sellers, is anticipated to drive up investor demand and subsequently increase Bitcoin's price, positioning it as a digital gold with attributes that surpass traditional assets like gold.
Get key ideas from YouTube videos. It’s free
Recent questions
What is the current price of Bitcoin?
Above $72,000
How is Bitcoin compared to gold?
Seen as digital gold
What is the significance of the halving for Bitcoin?
Cuts organic supply, increases demand
Why is MicroStrategy considered a proxy for Bitcoin?
Offers exposure without buying coins
How does MicroStrategy leverage its assets for Bitcoin investment?
Intelligent borrowing, low interest rates
Related videos
CNBC Television
Bitcoin will likely go 'much, much higher' at a faster pace than expected, says Anthony Pompliano
nzherald.co.nz
Cathie Wood: Bitcoin going beyond US$1m post-halving | nzherald.co.nz
Bloomberg Television
Novogratz Talks Bitcoin Surge and Ethereum ETF
CNBC Television
Bitcoin can top $150,000 in the next 12-18 months, says Fundstrat's Tom Lee
ColdFusion
Where Did Bitcoin Come From? – The True Story
Summary
00:00
Bitcoin's Price Surge and MicroStrategy's Role
- Bitcoin crossed the $70,000 mark for the first time on Friday and is now above $72,000.
- MicroStrategy held about 200,000 Bitcoins at the end of last month.
- Bitcoin is seen as a digital gold with superior attributes to gold and is expected to divert capital from risk assets like ETFs.
- The halving will cut the organic supply of sellers in half by April 20th, leading to increased investor demand and a rise in Bitcoin's price.
- MicroStrategy is considered a proxy for Bitcoin, offering investors a way to gain exposure to Bitcoin without directly buying the coins.
- MicroStrategy's leverage allows for intelligent borrowing at low interest rates to invest in Bitcoin, providing shareholders with more Bitcoin per share and a yield against their shares.
