On Sep. 15, 2020, Co-founder & Partner at Morgan Creek Digital, Antony Pompliano, announced that he would soon host an interview with the CEO of MicroStrategy, Michael Saylor.
The interview will likely cover MicroStrategy’s recent adoption of Bitcoin as a primary reserve asset. The publicly-traded business and intelligence firm revealed on Aug. 11 that it had acquired 21,454 BTC for a total of approximately $250M.
Anthony “Pomp” Pompliano has long affirmed that Bitcoin is the best store of value in the upcoming future amid trillion-dollar stimulus measures and global economic instability.
Pomp’s Twitter channel, which has over 370K followers, has garnered somewhat of a cult following. Furthermore, it is a popular platform where crypto lovers can come to learn more about Bitcoin.
The upcoming interview promises to be a lively event, given the reactions that Pomp got on his channel after breaking the news.
One twitter user inquired of Saylor’s motivations to adopt BTC, pointing to a 2013 tweet where the CEO stated that the digital coin’s “days were numbered.”
However, it is unclear why the MicroStrategy CEO chose to do an exclusive interview with crypto influencer Pomplaino, instead of appearing on a mainstream media channel.
Saylor Sees BTC as Digital Gold
The corporate Bitcoin buy in August marked a critical juncture in the 12-year history of Bitcoin. Many crypto enthusiasts viewed the acquisition as a sign of what’s to come more portfolio managers lose confidence in the US dollar’s future.
At the time, Saylor stated that his firm had decided to make BTC their principal investment holding due to its growing acceptance as a legitimate investment.
He viewed the coin as digital gold, asserting that it is superior to cash in holding long-term value appreciation. The CEO further said that the digital asset had emerged as an essential addition to the global financial system.
As to why the publicly-traded business chose to make Bitcoin the principal holding in its treasury reserve strategy, Saylor explained that his firm didn’t arrive at this decision lightly.
The investment experts considered various asset classes for potential investment and eventually settled on BTC due to its distinctive properties as a hedge against inflation.
Mr. Saylor articulated:
“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value.”
MicroStrategy Buys an Additional $175M in Bitcoin
Microstrategy Inc., a Nasdaq-listed company, made more waves in the crypto sphere after acquiring an additional 16,796 BTC at approximately $175M.
Michael Saylor publicized the news via a tweet on Sep. 14, just hours before his scheduled interview with Pomp.
The firm’s ambitious BTC acquisition promises to be one of Bitcoin history’s most influential and legitimizing events.
