MicroStrategy's Michael Saylor says bitcoin is ‘cyber Manhattan' — a ‘good investment' even at the top

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Michael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to new records.

"We'll just keep buying the top forever, everyday is a good day to buy bitcoin" the founder and chairman of.""I would have bought Manhattan 100 years ago, 200 years ago, every year for the past 300 years. You pay a little bit more than the person that bought Manhattan before you, but it's always a good investment to invest in the economic capital of the free world.

On Monday, Saylor announced the company has purchased another 15,350 BTC, bringing its total bitcoin holdings to 439,000 worth about $46 billion."Just like developers in Manhattan, every time real estate goes up in value, they issue more debt to develop more real estate," he said."That's why your buildings are so tall in New York City, it's been going on for 350 years. I would call it an economy.

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