Saylor: We Don't Want All of Bitcoin
Main Idea
Michael Saylor discusses Bitcoin's growing adoption among companies and argues that owning 3-7% of Bitcoin's total supply is not excessive, while highlighting its role in displacing traditional store-of-value assets.
Key Points
1. Michael Saylor states that owning 3-7% of Bitcoin's total supply is not 'too much' and emphasizes that MicroStrategy does not aim to own all of Bitcoin.
2. Saylor notes that 160 companies are currently capitalizing on Bitcoin, with public companies holding 955,048 Bitcoins (4.55% of the total supply).
3. He claims Bitcoin is 'demonetizing' traditional store-of-value assets like foreign real estate, private equity, and public equity.
4. Saylor mentions that tech giants like Apple and Microsoft are restricted by SEC rules from buying the S&P 500 or each other's stocks, limiting their investment options.
5. MicroStrategy recently raised $2.52 billion through its 'Stretch' IPO, which Saylor describes as the company's 'most exciting' product.
Description
Strategy's Saylor claims that owning up to 7% of all Bitcoin is not "too much"
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