Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Ahead Of Monday's Exclusive Benzinga Interview, Here's Why Michael Saylor Says Bitcoin Will 'Outlive Us All'

Stock Markets Jun 26, 2022 14:10
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Ahead Of Monday's Exclusive Benzinga Interview, Here's Why Michael Saylor Says Bitcoin Will 'Outlive Us All'

MicroStrategy Inc (NASDAQ: MSTR) CEO and Bitcoin (CRYPTO: BTC) bull Michael Saylor remains optimistic about the future of BTC, even in the midst of a major cryptocurrency market crash in 2022.

He recently reaffirmed his confidence in the apex crypto, saying, "We're in here for the long term. Bitcoin is going to outlive all of us."

In an exclusive upcoming interview with Benzinga, Saylor will be talking about Bitcoin, the overall crypto market and much more. He'll be interviewed on Monday, June 27 at 10 a.m. EST, on Benzinga Live by hosts Chris Katje and Mitch Hotch.

Saylor compares the current crypto market scenario with the early days of the oil and car industries. He told CNN that more than 100 years ago, there were many oil and car companies launching their ventures, but most failed.

MicroStrategy, which holds over 129,000 Bitcoin, has seen a paper loss of over $1 billion with the present Bitcoin plunge. But Saylor remains affirmative about the coin and said, "we are witnessing the birth of a new industry."

"We're in here for the long haul. It's incorruptible, indestructible, programmable, it lasts forever," he said.

EXCLUSIVE: Don't Forget To Watch MicroStrategy CEO Michael Saylor, As He Joins Benzinga Live On Monday To Talk About The Future Of Bitcoin

Saylor has been a vocal proponent of the crypto coin and its potential. Earlier, he mentioned that compliant custodial businesses that provide access to Bitcoin would likely earn the most from crypto in the next decade.

He has also said that MicroStrategy could put its Bitcoin into some form of partnership with a big tech company or bank. "You could think of that as putting a lien on it," Saylor said.

MicroStrategy's total investment in Bitcoin exceeds $4 billion, having consolidated 129,219 Bitcoin at an average price of $30,700.

Photo: Created with an image from michael.com

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Ahead Of Monday's Exclusive Benzinga Interview, Here's Why Michael Saylor Says Bitcoin Will 'Outlive Us All'
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email