Michael Saylor: Companies should buy Bitcoin because bonds are "toxic."

2025-01-14 08:37:19

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ChainCatcher news, according to Bloomberg, MicroStrategy Inc. co-founder and chairman Michael Saylor stated that the company should buy Bitcoin because bonds are "toxic." He compared the returns of Bitcoin and bonds since 2020, noting that the price of Bitcoin has risen since MicroStrategy adopted its Bitcoin strategy, while bonds have declined.

Saylor mentioned in his speech that every company faces a choice: to "cling to the past" by purchasing government bonds, or to embrace the future by using Bitcoin as digital capital. He also criticized companies like Microsoft and Nvidia for not following MicroStrategy's example and emphasized the potential of Bitcoin, saying, "What's the downside? You just get rich."

As of January 12, 2025, MicroStrategy holds 450,000 Bitcoins, with a year-to-date return of 0.32%. Saylor urged, "Do the right thing for families, nations, and investors—adopt Bitcoin."

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