WHY SOME COMPANIES SWITCH THEIR CASH INTO BITCOINSWHY SOME COMPANIES ARE SWITCHING THEIR CASH INTO BITCOINS:
MicroStrategy CEO Michael Saylor recently held a conference to explain why he has moved his company’s cash into bitcoin.
The US dollar has depreciated by 3.38% a year since the end of the Second World War, and is today
worth just 7% of its value in 1946. That depreciation has accelerated in the last decade, and any CEO planning 10 or 20 years into the future must now consider what is a safer store of value – cash, bitcoin or gold. The evidence is strongly in favour of bitcoin, says Saylor.
Why bitcoin? You can’t hold traditional treasuries [because] you’re looking at a negative real yield of 15-25% a year. I have to manage shareholder value, and to grow that you have to grow your assets at a rate faster than the cost of capital,” says Saylor.