{"id":33959,"date":"2020-12-24T18:40:57","date_gmt":"2020-12-24T16:40:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33959"},"modified":"2025-08-28T16:23:44","modified_gmt":"2025-08-28T13:23:44","slug":"microstrategy-ceo-inflow-of-funds-from-liquid-assets-into-bitcoin-is-not-a-bubble","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-ceo-inflow-of-funds-from-liquid-assets-into-bitcoin-is-not-a-bubble\/","title":{"rendered":"MicroStrategy CEO: Inflow of funds from liquid assets into Bitcoin is not a bubble"},"content":{"rendered":"<p>Money is flowing into Bitcoin from liquid assets, not a rally or a bubble, but a reaction to rising risks of devaluation, says Michael Saylor, head of MicroStrategy, a company that has invested more than $1bn in cryptocurrency.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Money is flowing out of conventional assets into <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> due to the escalating risks of global currency devaluation, technology disruption, social dislocation &#038; political uncertainty. This is not a \u201crally\u201d or \u201cbubble\u201d \u2013 it\u2019s a chain reaction spreading like a fire in cyberspace.<\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a href=\"https:\/\/twitter.com\/michael_saylor\/status\/1341413841968754695?ref_src=twsrc%5Etfw\">December 22, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>\u201cMoney is flowing out of financial assets into Bitcoin due to rising risks of devaluation of global currency, technological disruptions, social distortions and political uncertainty. This is not a \u2018rally\u2019 or \u2018bubble\u2019 \u2014 it\u2019s a chain reaction spreading like a fire in cyberspace,\u201d said Saylor.<\/p>\n<\/blockquote>\n<p>In August, Nasdaq-listed analytics software provider MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">bought 21,454 BTC<\/a>. At the time of the deal the cryptocurrency was worth around $250m. In September, following a new policy of treasury management, the firm additionally <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-bets-another-175-million-on-bitcoin\">acquired 16,796 BTC<\/a> for $175m.<\/p>\n<p>In early December MicroStrategy invested another $50m in Bitcoin, increasing its crypto assets by <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-invests-another-50-million-in-bitcoin-at-just-over-19000-per-coin\">2,574 BTC<\/a>.<\/p>\n<p>Then the company <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-invests-another-650-million-in-bitcoin\">bought 29,646 BTC<\/a> for $650m, financed through <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-650-million-for-bitcoin-purchase\">a debt securities offering<\/a>.<\/p>\n<p>Saylor had previously announced the use of proceeds from the sale of convertible senior notes. For this, he was criticized by Bitcoin skeptic and gold bug Peter Schiff.<\/p>\n<p>According to <a href=\"https:\/\/bitcointreasuries.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin Treasuries<\/a>, at the time of writing MicroStrategy&#8217;s unrealized gains in Bitcoin exceed $520m.<\/p>\n<p>Earlier Schiff said that the speculative bubble around the first cryptocurrency surpassed the hype in dot-com and mortgage markets.<\/p>\n<p>Founder of Rosenberg Research David Rosenberg, amid Bitcoin reaching an all-time high, also called the asset \u201ca massive bubble.\u201d<\/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>Money flowing into Bitcoin from liquid assets is not a rally or a bubble, but a reaction to rising risks of devaluation, says Michael Saylor, head of MicroStrategy, which has invested more than $1bn in cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":33960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1145,1207,1138],"class_list":["post-33959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-market-analysis","tag-microstrategy","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33959","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=33959"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33959\/revisions"}],"predecessor-version":[{"id":33961,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33959\/revisions\/33961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33960"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}