Market Cap: $3,811,914,659,354
24h Vol: $95,467,003,561
Cryptocurrencies: 27289
Markets: 108940
Cryptocurrencies: 27289
Markets: 108940
Market Cap: $3,811,914,659,354     
24h Vol: $95,467,003,561
Seeking Alpha 2021-02-08 20:40:02

Tesla has 'de-rsked' purchase of Bitcoin by public companies - Microstraegy's Saylor

Tesla has 'de-rsked' purchase of Bitcoin by public companies - Microstraegy's Saylor
I'd rather have a volatile appreciating asset than a stable depreciating asset, says Microstrategy ([[MSTR]] +25.2%) CEO Michael Saylor, quickly making the case for corporate treasurers to swap out dollars for Bitcoin (BTC-USD) on the company books.Appearing on CNBC to comment on Tesla's ([[TSLA]] +0.8%) disclosure of the purchase of $1.5B worth of Bitcoin, Saylor didn't confirm or deny whether he's been in private contact with Elon Musk, but he says the move has de-risked the acquisition of Bitcoin by public companies, and expects more corporate chiefs to follow.Bitcoin continues to hold most of its morning gains, up 12.7% for the day at $43.46K.It was about two months ago when Saylor offered (via Twitter) to advise Musk on Bitcoin purchases "from one rocket scientist to another."
esptco-banner img
Latest News

Videos

  • Stock Market Vs Crypto Fundamentals! Which is the best? Explained!

  • The Metaverse to Replace the Real World!

  • Helium Mining: New HNT Mining Hotspots Revealed!

  • CEX vs DEX: Which Type of Crypto Exchange Is Better?

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire