350% or 5BTC + 150 Spins!
New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins
Nasdaq-listed business intelligence firm MicroStrategy held its Q1 earnings call on Wednesday where it extensively broke down its Bitcoin (BTC) outlook and strategy.
MicroStrategy CEO Michael Saylor said that “with regard to the outlook for bitcoin, I think that in the past 12 months, the asset class has evolved and matured,” adding:
“I see evidence of a lot more institutional adoption, greater adoption amongst macro and other hedge funds.
We’ve made great progress with corporations. There will be 24 publicly traded bitcoin miners by the end of the quarter, so lots of publicly traded companies in the Bitcoin space.”
The CEO said that his company is looking at various ways to obtain additional Bitcoin:
“If [we are] going to be more aggressive about buying bitcoin…we’ll look at various financing options…[including] to borrow against that 110,000 bitcoin and then reinvest that in more bitcoin.”
Saylor also noted that:
“There will be more and more publicly traded companies holding bitcoin on their balance sheets, more and more public investors with bitcoin exposure, more banks rolling out bitcoin acquisition and trading and custody services, more regulatory awareness and more clarity as to how the entire crypto industry is going to evolve.”
According to the Bitcoin bull, the world is currently displaying numerous examples of Bitcoin and crypto awareness. He said:
“Many of the macroeconomic developments have elevated the stature and the awareness of businesses and investors in the rest of the world to bitcoin.
The circumstances and the currency volatility in Turkey, the currency volatility in South America, the currency volatility in Africa, all of these things have elevated institutional awareness of bitcoin.”
He added:
“The capital market volatility, the volatility of equities, the S&P index, the volatility of Nasdaq, of big tech stocks, all of these things have elevated mainstream investors’ awareness to bitcoin.”
The MicroStrategy head concluded that Bitcoin is not going anywhere saying:
“There’s a growing sentiment that we see across the mainstream that Bitcoin is here to stay. The crypto economy represents a great opportunity for the entire world. And politicians and investors and corporations are working diligently to come to terms on what this means and how they should adjust their practices.
175% Extra + $75 Risk Free Bet!
New players only. 175% on 1st Deposit + $75 Risk Free BetWe look forward to the next wave of institutional adoption that, I think, should be driven as people get more educated and more aware of what digital property is.”
MicroStrategy recently bought 660 Bitcoin, making the company’s crypto holdings to a total of 125,051 BTC.