Michael J. Saylor is an American entrepreneur and business executive who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services. He played a big role in Tesla\u2019s Bitcoin purchase as he asked Elon Musk in a Twitter interaction in December 2020 to convert Tesla\u2019s balance sheet from USD into BTC, and Tesla bought Bitcoin after two months. In an interview on U-Related\u2019s channel, a YouTube channel, Michael said that Bitcoin is digital gold and it\u2019s sitting on the world\u2019s first digital monetary network. He also spoke about Tesla\u2019s Bitcoin purchase.Host: \u201cWhat does Elon Musk going into Bitcoin mean for investors and for the future of the digital currency?\u201dMichael: \u201cWell, I think in the current macroeconomic environment, most corporations are beginning to realize that their cash is going to be a depreciating asset, and they need to turn their balance sheet into an appreciating asset, so the obvious thing to do is to convert dollars that are being inflated it you know expanded 15% a year into a scarce digital asset that\u2019s what Bitcoin is. So Elon musk is very progressive, and Tesla is very progressive, I think this is part of a trend toward the digital transformation of balance sheet as people move from analog traditional treasury assets like cash and bonds into Bitcoin.\u201dHost: \u201cI want to kind of elaborate a bit more on the pitch that you\u2019re giving to executives on this and what is kind of the hurdle that must be overcome for them to get comfortable with adding this digital asset to their balance sheets?\u201dMichael: \u201cWell, I mean the pitch is Bitcoin is digital gold, and it\u2019s sitting on the world\u2019s first digital monetary network. That network does the job of gold a million times better than gold. You can move\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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