2987 Views | October 05, 2020
Michael Saylor, chief executive officer of business intelligence firm, MicroStrategy (MSTR) says he considered gold, before investing $425 million into bitcoin. In an interview with our Daniela Cambone, Saylor reveals he had seriously considered moving that money into gold, but details how he sees bitcoin beating the yellow metal by every metric.
"Gold is an infinite asset, considering its mined on a regular basis," he explained. "We really felt we were on a $500 million melting ice cube," he said about the bold move which made global headlines. The decision marked MicroStrategy as the first public company to invest the major chunk of its treasury in Bitcoin.