MicroStrategy’s Michael Saylor Says Capital Will Keep Flowing Into Bitcoin From Traditional Assets – Here’s Why – The Daily Hodl

MicroStrategy co-founder and executive chairman Michael Saylor believes Bitcoin (BTC) will continuously receive inflows of capital from traditional assets.

In a new Bloomberg interview, Saylor predicts Bitcoin will draw money away from the multi-trillion dollar market caps of gold and real estate as it emerges as a better-performing asset.

“I’ve famously said I’m going to be buying the top forever. Bitcoin is the exit strategy. It is the strongest asset. So what we see right now is that Bitcoin has just emerged as a trillion-dollar asset class. And it’s alongside names like Apple and Google and Microsoft. But the difference between Bitcoin and the Magnificent Seven is Bitcoin is an asset class, it’s not a company. There’s not enough room in the capital structure of those companies to hold $10 trillion or $100 trillion worth of capital.

So Bitcoin is competing against gold, which is 10x what it is right now. It’s competing against the S&P Index. It is competing against real estate, a $100 trillion-plus asset class, as a store of value. So we believe capital is going to keep flowing from those asset classes into Bitcoin because Bitcoin is technically superior to those asset classes. And that being the case there’s just no reason to sell the winner to buy the losers.”

Saylor also believes that the spot Bitcoin exchange-traded funds (ETFs) will continue to see demand from institutional buying that will help prop up its value.

“I think it’s a very virtuous cycle. The spot ETFs have opened up a gateway for institutional capital to flow into the Bitcoin ecosystem. The demand for the spot ETFs, especially the new ones net, has been far in excess of the supply from the miners every day, in some cases up to eight to 10 times as much demand as supply every day. This is a rising tide that’s going to lift all boats.

MicroStrategy’s got a leveraged operating strategy for Bitcoin. But if you look at what the spot ETFs are doing, they’re facilitating the digital transformation of capital and every day hundreds of millions of dollars of capital is flowing from the traditional analog ecosystem into the digital economy.”

?

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines
&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://dailyhodl.com/2024/02/23/microstrategys-michael-saylor-says-capital-will-keep-flowing-into-bitcoin-from-traditional-assets-heres-why/