Michael Saylor, the CEO of MicroStrategy and a vocal Bitcoin advocate, said that everything bleeds against Bitcoin in a recent X post. He argued that Bitcoin is the ultimate store of value and that no other asset can compete with its superior monetary properties. He said that Bitcoin is the first digital monetary network that is decentralized, secure, scarce, and global.
He claimed that Bitcoin is growing faster than any other technology in history and that it will eventually reach a market capitalization of $100 trillion. He also revealed that he personally owns 17,732 bitcoins, worth about $866 million, and that his company has invested over $3 billion in Bitcoin. He said that he targets a $6 million price for each bitcoin and that he will never sell his coins. He urged other investors to follow his example and adopt a Bitcoin standard.
Bitcoin continues to appreciate over time
By “bleeding”, Michael Saylor meant that the value of other assets relative to Bitcoin is decreasing over time. He believes that Bitcoin is the best performing asset in history and that it will continue to appreciate in value as more people adopt it. He thinks that other assets, such as fiat currencies, stocks, bonds, gold, and real estate, are losing their purchasing power and attractiveness as investments compared to Bitcoin.
He said that “everything else is bleeding against Bitcoin” and that “Bitcoin is eating the world”. He also said that “Bitcoin is the most efficient use of energy that the human race has yet come up with” and that “Bitcoin is hope”. He is confident that Bitcoin will eventually become the dominant form of money and wealth in the world.