Microstrategy CEO Michael Saylor, in an interview with Bloomberg on September 22, said that the firm’s $400 million in Bitcoin (BTC) holdings could be “liquidated at any time.”
Saylor believes that Bitcoin is less risky than both gold and cash, and though he was optimistic about the future, he is not averse to cashing out
The CEO said, “we can liquidate it any day of the week, any hour of the day...If I needed to liquidate $200 million of Bitcoin, I believe I could do it on a Saturday.”
Saylor also said that a major reason why he chose to invest in Bitcoin was because of the Federal Reserve’s relaxing of inflation policy
Microstrategy will continue to invest in Bitcoin going into the future, while Saylor believes that Bitcoin is the only asset with a positive yield at the moment
Saylor was once a Bitcoin detractor; in recent times, former detractors like Jim Cramer have changed their stance on cryptocurrencies