Microstrategy's CEO announced it would keep Bitcoin for ‘100 years’

Microstrategy CEO Michael Saylor plans to keep its Bitcoin for the next 100 years and describes it as "the world's best collateral".

Microstrategy CEO Michael Saylor said he would keep Bitcoin for 100 years and had no intention of selling them.

On August 11, the company said it bought 21,454 BTC with a total value then at around $ 250 million. Just two months later, the investment grew 11% in value and is now worth more than $ 278 million.

In a recent interview with Real Vision CEO Raoul Pal, Saylor said the decision to invest $ 250 million was a carefully calculated step between the board of directors and investors, auditors and the company's chief executive. Saylor explained:

This is not speculation, nor is it a "hedge". This is a deliberate corporate strategy to adopt the "Bitcoin Standard".

We've shared more details here: биткоин на монобанк

Microstrategy decided to restructure its treasury to deal with the recent global economic turmoil, and sought to discover suitable assets to provide a long-term store of value.

After weighing various options with the outlook for the next 100 years, Saylor decided Bitcoin was the only option. He concludes that taxes and fees will kill most other assets, and those that don't die, will be paralyzed because they are controlled by CEOs, governments or the nation.

On the other hand, Bitcoins are evolving and over time, they will get stronger, stronger and faster.

Besides, he also compared gold and Bitcoin. According to him, both assets have many similarities, such as limited supply. However:

Not only is Bitcoin 10 times better than gold, but 100 times better, and possibly 1,000 times better than gold.