• April 23, 2024

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MicroStrategy CEO Michael Saylor Compares BTC to Real Estate in New York

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MicroStrategy CEO Michael Saylor has compared during a speech at the Economic Club of New York cryptocurrencies to real estate that an investor purchases in an American metropolis.

In the context of rising inflation, real estate retains the status of a reliable and profitable asset. In this regard, Bitcoin can also be considered as a safe-haven asset that is not subject to inflation risks.

Gold can also be viewed as a hedging instrument, however it cannot be rented like real estate.

He has said:

“If your grandparents were smart enough to buy real estate in New York and your family still has it, then you’re good to go.”

The first time that MicroStrategy invested in the largest cryptocurrency in terms of market capitalization was in August 2020. The company now reportedly holds about 125,051 Bitcoins.