{"id":29313,"date":"2020-09-28T16:07:38","date_gmt":"2020-09-28T13:07:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29313"},"modified":"2025-08-27T16:17:01","modified_gmt":"2025-08-27T13:17:01","slug":"microstrategy-ceo-cites-four-factors-supporting-bitcoins-status-as-digital-gold","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-ceo-cites-four-factors-supporting-bitcoins-status-as-digital-gold\/","title":{"rendered":"MicroStrategy CEO cites four factors supporting Bitcoin&#8217;s status as &#8216;digital gold&#8217;"},"content":{"rendered":"<p>Michael Saylor, head of MicroStrategy, the first publicly traded company to allocate part of its capital to bitcoin, identified four factors that could entrench the cryptocurrency as a store of value and confirm its status as &#8216;digital gold&#8217;.<!--more--><\/p>\n<p>In his view, these are:<\/p>\n<ul>\n<li>Adoption \u2013 investors allocate capital to BTC as a savings vehicle;<\/li>\n<li>Utility \u2013 ongoing improvement of the technology underlying digital money;<\/li>\n<li>Productivity \u2013 hodlers invest all of their free cash flows into Bitcoin;<\/li>\n<li>Inflation \u2013 inflation among assets competing with the leading cryptocurrency as a store of value.<\/li>\n<\/ul>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">The success of <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> will be a function of Adoption (as Hodlers invest their assets in BTC as a SoV), Utility (as technology makes it harder, smarter, faster, &#038; stronger money), Productivity (as Hodlers invest their free cash flows), &#038; Inflation (of competing assets for SoV).<\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a href=\\\"https:\/\/twitter.com\/michael_saylor\/status\/1310214248543510528?ref_src=twsrc%5Etfw\\\">September 27, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In August, MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">invested<\/a> about $250 million in cryptocurrency, buying 21 454 BTC. In September the company <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-bets-another-175-million-on-bitcoin\">acquired<\/a> an additional 16 796 BTC for $175 million.<\/p>\n<p>Later, Saylor <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-ceo-reveals-details-of-175m-bitcoin-purchase\">revealed<\/a> details about exactly how the company&#8217;s traders purchased a large block of bitcoins, without affecting the price of the cryptocurrency.<\/p>\n<p>Last week, the MicroStrategy head <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-chief-executive-says-private-firms-will-move-into-bitcoin-in-coming-months\">stated<\/a> that in the coming six months other private firms would follow suit.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor, the head of MicroStrategy, the first publicly traded company to invest part of its capital in bitcoin, identified four factors that could entrench the cryptocurrency as a store of value and confirm its status as &#8216;digital gold&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":29314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1207],"class_list":["post-29313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29313"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29313\/revisions"}],"predecessor-version":[{"id":29315,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29313\/revisions\/29315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29314"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}