MicroStrategy Inc (MSTR)

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Microstrategy's Michael Saylor expects billions to hold savings on phones with bitcoin

Feb. 23, 2021 11:09 AM ETMicroStrategy Incorporated (MSTR)By: Stephen Alpher, SA News Editor32 Comments
Appearing on CNBC this morning, Microstrategy (NASDAQ:MSTR) CEO Michael Saylor is bothered not a bit by the shaky price action of the last couple of days.
He notes that Bitcoin (BTC-USD) became a $1T digital monetary network in just a dozen years, way faster than other $1T-club members like Apple, Amazon, Microsoft, and Google.
"We're going to see a day when 7B-8B people have a bar of digital gold on their phone, and they're using it to store their life savings ... The world needs this thing."
Bitcoin this morning dipped as low as about $45K (from above $58K 48 hours earlier), but has bounced a bit since, now at $49K. Microstrategy is also off the lows, but down 16.3% on the session.
Saylor's appearance on CNBC this morning comes following his company raising another $1B with which to buy bitcoin last week.