Why Is MicroStrategy’s Saylor Buying Bitcoins?
“I have to invest into something that is going to keep up with or exceed the cost of capital. Now how are you going to make money, if you pretty much give up all your capital and you start creating a new product to compete against Microsoft, Facebook, Amazon, Apple, or Google? If you want to preserve shareholder value, you have to buy bitcoin.” said Michael Saylor, CEO of MicroStrategy, on June 8, 2021. Let’s take a look at his ideas a little bit closer.