The founder and executive chairman of the company Strategy (former Microstrategy) compared existing companies with people with diabetes. The businessman believes that Bitcoin acts as insulin.
According to Michael Saylor, companies deplete themselves with the “hunger of capital”, and it is vital for prosperity:
“Companies today are unable to maintain economic energy. They lose 10% of the cost of their capital annually, holding short-term bonds that bring 2-3% after taxation, while the cost of capital is 12%. It’s like dying of hunger, constantly eating food. ”
The use of bitcoin increases the attractiveness of the company for investment, and as a result, attracts more investments, the businessman believes. Seilor said that Bitcoin as a protocol is reliable, decentralized and resistant to censorship:
“Not a single state, company or capitalist can destroy this protocol. And that is why bitcoin is suitable as the main reserve asset of the treasury. Bitcoin is like steel. Everything else is a base unsuitable for the foundation. ”
According to Seilor, attempts to repeat the strategy of Strategy with other cryptocurrencies, for example, ether or Solana, are meaningless, since they do not have altcoins as value as bitcoin.
Earlier, Michael Saylor called the first cryptocurrency the basic asset of cryptoeconomics, which, thanks to its decentralized character, deserved a worthy place in the US State Reserve.
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Source: Cryptocurrency
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