TechFlow news — On January 14, according to Bloomberg, Michael Saylor, co-founder and chairman of MicroStrategy Inc., said his company should buy Bitcoin because bonds are "toxic." Saylor compared the returns of Bitcoin and bonds since 2020, noting that since the company adopted its Bitcoin purchasing strategy, the price of Bitcoin has risen while bonds have declined.
Speaking at a keynote during a retail conference, Saylor said: "This applies to any company. Every company has a choice: either 'hold on to the past' by buying Treasury bonds, conducting share buybacks, and paying dividends, or 'embrace the future' by using Bitcoin as digital capital. We build our buildings with steel, while they use wood." He also criticized companies including Microsoft (to which he had previously recommended investing in cryptocurrency) and Nvidia for not following MicroStrategy's lead. A slide from his presentation showed 70 companies holding Bitcoin, adding, "What's the downside? Well, you just get rich."
MicroStrategy’s stock has risen approximately 9.71% year-to-date. As of January 12, 2025, MicroStrategy held 450,000 BTC, generating a year-to-date return of 0.32%. At the end of his more than 50-minute presentation, Saylor concluded: "Do the right thing—for your family, for your country, for your investors—adopt Bitcoin."
