- MicroStrategy CEO Michael Saylor announced that corporate interest in Bitcoin has skyrocketed. According to the CEO, a flood of companies will occur next year, following MicroStrategy’s lead in acquiring Bitcoin as a treasury strategy.
MicroStrategy CEO Michael Saylor announced that corporate interest in Bitcoin has skyrocketed. According to the CEO, a flood of companies will occur next year, following MicroStrategy’s lead in acquiring Bitcoin as a treasury strategy.
More companies could buy Bitcoin in 2021
Saylor claims to have contacted at least one hundred private companies that have already implemented this strategy. However, according to the CEO, private companies can easily hide their investments because they do not have to disclose their investments.
I think many companies will do this in the next 12 months and you will start to see more announcements. I have received a lot of attention, there are many private company CEOs who have reached me and they have already done so, they just don’t make announcements.
Host Laura Shin pressed for details on these particular companies. Saylor responded by saying that the valuation ranged from hundreds of millions to billions of companies. He said that although there are mostly American companies, this is a model that is reflected in all of Europe, the Middle East and the Far East.
Will institutional interest in BTC continue to climb?
MicroStrategy became the first publicly traded company to acquire a significant amount of Bitcoin in August 2020.
Since then, its CEO, Michael Saylor, has made tireless statements about the virtues of buying Bitcoin. He spoke extensively on the subject and said that it was an important move to be made in these uncertain times.
Newly elected US President Joe Biden arrived at the White House a week ago with plans for a new $ 1.9 trillion stimulus package. Mainstream organizations, including FT, downplayed the plans. But what else can they do to keep the system running? The corporate buyers’ interest in Bitcoin acknowledges that the corporate world could get hectic in the future. This influx, mentioned by Saylor, shows how much of a priority self-protection has become for companies.