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Michael Saylor: Ethereum has its place, and Bitcoin is 50 times better than Gold

Michael Saylor Bitcoin better than Gold Michael Saylor - CEO of MicroStrategy

Michael Saylor, CEO of MicroStrategy, believes that ETH is good and demeterializes JPMorgan, and Bitcoin is 50 times more attractive for investment than Gold. 

Previously, Sailor rarely spoke about other cryptocurrencies, in addition to Bitcoin. However, during a recent Fast Money program on CNBC, Sailor stated that Ethereum has its place in the cryptocurrency ecosystem. According to him, Ethereum is a "digital application" that "dematerializes JPMorgan, banking institutions and any exchanges." Further, Sailor called investing in Bitcoin much more attractive than in Gold:

In the last 12 months, everyone has been waiting for inflation, and I think we are now seeing it. I think investors are seeing a 330% rise in Bitcoin, while gold is up 7%. Therefore, Bitcoin is 50 times better than gold as an asset for hedging inflation. And you can see for yourself how Paul Tudor Jones and other investors are increasing their investments in Bitcoin.

Michael Saylor, CEO of MicroStrategy

Sailor said that although investing in Bitcoin is considered risky, MicroStrategy's investors and shareholders are "just happy".

Recall that the company's wallets have more than 92,000 BTC. MicroStrategy recently conducted a $500 million bond sale and announced plans to sell $1 billion of its own shares. The funds will be used to increase Bitcoin reserves.

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