MicroStrategy CEO and co-founder Michael Saylor believes that Bitcoin will “eat” gold because it has the advantages of a precious metal without the inherent disadvantages of gold.
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According to the co-founder of MicroStrategy, the company holding one of the largest BTC reserves, Michael Saylor, Bitcoin will soon begin to take funds away from other risky investment products.
The entrepreneur emphasized that, unlike gold, which cannot be quickly moved, Bitcoin is instantly sent to users.
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Michael Saylor believes that the first cryptocurrency has the opportunity to become a dominant asset in various investment products after spot Bitcoin ETFs were approved in the United States.< /p>
Read: Michael Saylor: Ex-Billionaire Who Goes to Hold Bitcoin for 100 Years
Previously, the CEO of MicroStrategy said that Bitcoin ETFs from companies BlackRock and Fidelity have proven to be much more successful than previously thought, and Bitcoin is hot on the heels of the S&P 500.