Bitcoin In, ‘Toxic’ Bonds Out — Michael Saylor’s Advice To Businesses
Co-founder and Chairman of MicroStrategy Michael Saylor, during a recent speech at the ICR Conference in Orlando, has once again shaken up the financial world by proclaiming that companies need to ditch old-fashioned bonds in favor of Bitcoin. He made the call labeling bonds as “toxic” during his speech while asking businesses to look into Bitcoin’s potential. Comparing Investment Returns Saylor bases his argument on a comparison of investment returns. Since MicroStrategy adopted its Bitcoin-buying strategy in 2020, Bitcoin has shown remarkable resilience and growth, while bonds have faltered. He presented data indicating that while many companies cling to outdated financial practices—such as purchasing Treasury bonds—those who embrace Bitcoin stand to benefit significantly. “Every company has a choice to make: cling to the past or embrace the future,” he stated, emphasizing the transformative potential of digital assets. Companies should buy Bitcoin because bonds are “toxic,” according to MicroStrategy Chairman Michael Saylor https://t.co/SOZdLagLCC — Bloomberg (@business) January 13, 2025 The Case For Bitcoin During his speech, Saylor mentioned that MicroStrategy’s own investments have been rewarding. The company recently closed an acquisition of Bitcoin worth $243 million. It is their 10th consecutive week in purchasing the cryptocurrency. Saylor was critical of the tech giants like Microsoft and Nvidia for not following suit. He said that they are missing a revolutionary opportunity. He used an image to drive the point home with a slide indicating that only 70 companies have Bitcoin today, so those who are slow might be left out. Bitcoin is currently trading at $94,961. Chart: TradingViewThe landscape of finance is changing, and Saylor says that companies should evolve to remain in the loop. He even provocatively added, “What’s the downside? Well, you just get rich,” underlining his conviction that Bitcoin is a better investment vehicle. Future Implications Saylor’s statement is indicative of a broader change in how companies perceive digital assets, and it extends beyond corporate finance. He advised leaders to think about their obligations to their families and investors in addition to the future of their company as he wrapped off his remarks. “Adopt Bitcoin,” he exhorted, presenting it as a moral requirement for influential people. Saylor’s influence has now appeared to extend into the political sphere as well. Saylor received an invitation to Mar-a-Lago to talk more about Bitcoin following Donald Trump’s reelection. Trump has met with executives of the cryptocurrency industry in the past to discuss regulations that impact the sector. These exchanges show that the potential economic impact of cryptocurrencies is becoming more widely acknowledged. Michael Saylor’s passionate call for Bitcoin, rather than a traditional bond, isn’t just a matter of an investment strategy. It represents an ideological shift within finance. If companies adopt the digital currency that he advocates for, then everything about business could change in terms of operations and investment. Featured image from TheStreet, chart from TradingView Christian Encila They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.