Key facts: Saylor highlights that bitcoin is a financial asset with no counterparty risk. «I hope bitcoin will be here in 1,000 years, but MicroStrategy won't be there,» says the businessman. First of all, in case there is anyone distracted or someone who is taking their first steps into the bitcoin (BTC) ecosystem, we will clarify that MicroStrategy (MSTR) is the publicly traded company with the most BTC in its treasury. At the time of this publication, MicroStrategy owns 214,246 declared BTC. This means, as BitcoinDynamic has detailed, that 1 in every 100 BTC in existence is held by this company. On the other hand, Michael Saylor is the founder of MicroStrategy and who directs your recurring bitcoin purchasing strategy. He is known for his bullish outlook for the digital currency created by Satoshi Nakamoto. As a consequence of the company's bitcoiner strategy, which provides computer services, MSTR stock has been greatly helped by bitcoin's bull cycle.
Even, percentage-wise speaking, investment returns have been higher in MSTR than in BTC, as can be seen in the following TradingView chart.
Price of bitcoin (red and green candles) and MicroStrategy stock (orange line). Source: TradingView. So, Could investing in Microstrategy stock be a better idea than investing in bitcoin? Michael Saylor himself was recently asked that during a conference. Saylor responded that these are two completely different investments. “Bitcoin is a commodity, an asset without an issuer,” Saylor explained, adding that, on the other hand, If you invest in a company like MicroStrategy «there is always counterparty risk». When saying this, the businessman refers, for example, to liquidity risks, credit problems or operational shortcomings that the company may have and that cause the shares to plummet. Additionally, investing in MSTR (or any other stock) requires more knowledge. According to Saylor, you would need to carefully read 1,000 pages of disclosures and prospectuses to invest in his company. Instead, Having bitcoin in a wallet is something much simpler and within reach of anyone.
«I will make an obvious point clear: people in Nigeria cannot self-custody MicroStrategy shares. What we are trying to solve [con Bitcoin] It is the problem of creating integrity, sovereignty, freedom and hope for the world. Michael Saylor, founder of MicroStrategy.
Anyway, owning bitcoin also requires certain knowledge. Saylor is not unaware of this and says: “I would recommend anyone interested in bitcoin to study it before purchasing. And then, after studying Bitcoin for 100 hours there, yes, I would say that you should buy bitcoin. In closing, the founder of MicroStrategy gives what is surely his best reason for preferring bitcoin over the shares of a company, even if it is his own:
«I am not here to promote my company. I hope bitcoin will be here in 1,000 years. But my company won't be.» Michael Saylor, founder of MicroStrategy.