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

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

News News

Business Business Latest News,Business Business Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MicroStrategy's Saylor Welcomes Red-Hot Japanese Company to Bitcoin StandardMicroStrategy's Saylor has taken note of excellent performance of one of its disciples
Source: Utoday_en - 🏆 295. / 63 Read more »