Michael Saylor Says Bitcoin Is Replacing Gold

  • According to Michael Saylor, Gold failed to increase its value.
  • Saylor also thinks that observers are replacing Gold with Bitcoin.
  • Bitcoin is getting more adoption from giants like MicroStrategy, Tesla, and JPMorgan.

The chairman and CEO of MicroStrategy, Michael Saylor, believes that despite the chaotic slide on global bond markets at the beginning of this year, Gold failed to increase its value. Besides, people recognize that Bitcoin is replacing Gold.

He recently tweeted:

“Gold… has been on the decline since peaking in August last year. Even the chaotic slide on global bond markets in February and March this year failed to fire it up.” Observers around the world are realizing that #Bitcoin is replacing #Gold“.

Worth noting that Michael Saylor and his MicroStrategy are known as ardent supporters of Bitcoin. Solidifying himself as a crypto-guru, Michael, earlier this year, revealed his view of Bitcoin as a once-in-a-lifetime transformation. He also suggested everyone convert their cash into Bitcoin.

Additionally, MicroStrategy has purchased nearly 100K BTC in total. Not limited to this, the company has recently decided to pay its non-employee Directors board fees in BTC instead of cash. The payment processor will directly convert transaction fees from USD to BTC during payment.

Notably, MicroStrategy is not the only company that believes in the potential of Bitcoin. Particularly, Tesla holds $1.5 billion worth of Bitcoins, and financial services giant JPMorgan is launching its first Bitcoin fund this summer.

However, the world is divided into two sides when it comes to deciding which investment is better: Gold or Bitcoin. In practice, the old generation investors prefer Gold with its predictable, comfortable, and reliable value. In contrast, Bitcoin is digital gold for new thinkers, and could potentially be the future of the payment system.

Source: https://coinquora.com/michael-saylor-says-bitcoin-is-replacing-gold/

More from Republished By Plato

bitcoin
Bitcoin (BTC) $ 58,823.30 1.03%
ethereum
Ethereum (ETH) $ 4,122.88 4.19%
binance-coin
Binance Coin (BNB) $ 686.93 6.30%
dogecoin
Dogecoin (DOGE) $ 0.550857 6.26%
cardano
Cardano (ADA) $ 1.80 5.04%
xrp
XRP (XRP) $ 1.59 5.17%
tether
Tether (USDT) $ 0.999986 0.01%
polkadot-new
Polkadot (DOT) $ 41.26 5.19%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,518.78 10.41%
litecoin
Litecoin (LTC) $ 399.96 14.16%
chainlink
Chainlink (LINK) $ 52.06 7.81%
uniswap
Uniswap (UNI) $ 40.71 2.91%
stellar
Stellar (XLM) $ 0.696729 15.33%
ethereum-classic
Ethereum Classic (ETC) $ 126.81 6.87%
vechain
VeChain (VET) $ 0.230558 5.81%
usd-coin
USD Coin (USDC) $ 1.00 0.02%
solana
Solana (SOL) $ 45.74 1.86%
theta
THETA (THETA) $ 11.98 0.85%
tron
TRON (TRX) $ 0.146252 3.56%
filecoin
Filecoin (FIL) $ 147.54 2.04%
eos
EOS (EOS) $ 10.71 6.65%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 58,893.99 0.29%
monero
Monero (XMR) $ 483.45 4.07%
neo
Neo (NEO) $ 120.23 2.85%
binance-usd
Binance USD (BUSD) $ 1.00 0.01%
bitcoin-sv
Bitcoin SV (BSV) $ 373.41 4.20%
terra-luna
Terra (LUNA) $ 17.43 3.77%
pancakeswap
PancakeSwap (CAKE) $ 40.36 9.01%
iota
IOTA (MIOTA) $ 2.30 9.16%
cosmos
Cosmos (ATOM) $ 28.96 4.65%
ftx-token
FTX Token (FTT) $ 62.96 3.08%
aave
Aave (AAVE) $ 475.03 3.25%
shiba-inu
SHIBA INU (SHIB) $ 0.000015 5.67%
tezos
Tezos (XTZ) $ 7.11 4.39%
huobi-token
Huobi Token (HT) $ 29.86 15.72%
maker
Maker (MKR) $ 5,391.19 0.78%
klaytn
Klaytn (KLAY) $ 2.17 1.17%
avalanche
Avalanche (AVAX) $ 40.92 10.91%
polygon
Polygon (MATIC) $ 0.951968 1.81%
bittorrent
BitTorrent (BTT) $ 0.007285 1.79%
multi-collateral-dai
Dai (DAI) $ 0.999670 0.13%
algorand
Algorand (ALGO) $ 1.54 3.07%
crypto-com-coin
Crypto.com Coin (CRO) $ 0.183002 4.79%
thorchain
THORChain (RUNE) $ 18.31 0.33%
dash
Dash (DASH) $ 424.27 9.55%
compound
Compound (COMP) $ 799.52 5.20%
kusama
Kusama (KSM) $ 451.21 1.72%
zcash
Zcash (ZEC) $ 311.84 3.17%
waves
Waves (WAVES) $ 32.78 7.45%
nem
NEM (XEM) $ 0.381453 4.02%