.jpg){kind=avatar}
Between August 11 and September 14, Microstrategy invested $425m into Bitcoin. Then, approximately three weeks later, Square followed suit with a smaller $50m investment. Square didn’t make this investment for financial reasons, according to Saylor. Instead, their investment is somewhat of a political or ethical statement.
“You can describe crypto as Vegas in cyberspace, or you can describe crypto as the savings and loan at the end of the universe,” Saylor said, adding that “if what you wanted was the savings and loan at the end of the universe, you want Bitcoin.” In other words, the idea that Bitcoin affords investors with trust, reliability, and long term appreciation.
https://decrypt.co/44852/microstrategy-ceo-on-squares-extraordinary-bitcoin-investment
