MicroStrategy CEO Michael Saylor: Bitcoin is the solution to a $250 trillion value problem

The CEO of the US-listed company MicroStrategy, Michael Saylor, who made a big profit from investing in Bitcoin, was interviewed by the exchange Kraken last night (30). Michael Saylor's remarks show his confidence in Bitcoin.

Is 99.9% of Assets Considered "Alternative Assets"?

MicroStrategy invested approximately $425 million, which is about 85% of the company's cash reserves, to purchase 38,250 bitcoins in August and September, with a current value of around $527 million. The stock price of MicroStrategy was $123 at the beginning of August and is now $167, showing an increase of nearly 36%, making it a win in both the stock and crypto markets.

In an interview with Kranken, Michael Saylor stated that 99.9% of the market's assets are considered alternative assets, including bonds, stocks, real estate, precious metals, and derivatives, totaling $250 trillion in value.

Ironically, alternative investments refer to investments other than stocks, bonds, and cash, but in Michael Saylor's view, the inflation of the currency supply has devalued traditional assets. He expressed, "In an environment of expanding currency supply, the energy of currency units is being lost. The value of all stocks and bonds must be discounted."

He believes that the declining purchasing power of currency units will devalue all $250 trillion worth of assets. As an investor in Bitcoin, he naturally believes that due to Bitcoin's fixed supply, it does not have the issue of currency inflation, making Bitcoin the solution to the problem.

However, the correlation between Bitcoin and the US stock index remains high, and whether Bitcoin can hedge against a stock market decline due to currency policies, economic, and political factors, is yet to be verified.