To learn more about why companies should invest in Bitcoin, Ray Wang, CEO and founder of a Silicon Valley-based advisory firm Constellation Research, and I invited Michael Saylor to our weekly show DisrupTV.
The first areas were in lines-of-business including sales, services, and marketing with decentralized and digital only stakeholder engagements.
According to Saylor, if you asked any company on February of 2020 about their Bitcoin strategy, you would likely hear ‘What is Bitcoin?’ or ‘Why do I need a Bitcoin strategy?’ Saylor believes all of the current treasury strategies are broken if you are buying low yielding bonds.
MicroStrategy has purchased an additional ~253 bitcoins for $15.0 million in cash at an average price of ~$59,339 per #bitcoin.
Saylor points to the ‘K-shape’ recovery with Wall Street companies increasing their balance sheets by 25-40% doing nothing, mainstream companies have to work 25-40% harder to gain nothing, and if your business strategy is asset poor and manufacturing rich, then you are sailing against the wind.
The mobile wave will provide access to one layer of payment network based on dollars or euros or yen, on compliant payment rails.
Saylor reminds us that Bitcoin is a saving account that has been yielding 200% tax free interest for a decade.
I highly encourage you to watch our entire conversation with Michael Saylor to learn more about the future of digital currencies and the importance of institutional investments in Bitcoin.