According to Michael Saylor, the founder of MicroStrategy, people should consider adding cryptocurrencies to their retirement portfolio. This is to be done following Fidelity Investments’ decision to launch a bitcoin (BTC) option.

green bitcoin

Bitcoin (BTC) is better than gold

Last Tuesday was MicroStrategy’s first quarter earnings conference call. During the conference, Saylor said that the main cryptocurrency, bitcoin (BTC), is a better asset than gold.

“To call it digital gold is an understatement. It really is the hardest money in the history of the world. But if you think about generational wealth and if you wanted to leave something for your grandchildren or if you wanted a retirement fund, that’s obviously a very compelling piece. What I wanted to hold a kind of commodity money that is better than a commodity! “. Then he added, “Bitcoin is that thing.”

While many people continue to be wary of putting money into stocks and bonds due to current economic conditions, Saylor considers BTC to be the least risky asset in the market.

Bitcoin will expand to a new class of investors

Continuing to elaborate on bitcoin (BTC), the benefits of which he outlines, Saylor said, “It’s the least risky thing you can put in a retirement portfolio. At least that is the opinion of people who have studied bitcoin for a while.”

Next, the CEO talked about Fidelity’s new offering, the 401(k) offering. “She’s going to put BTC front and center of the table for financial advisors, retirement planners, the whole big finance industry. I think, ultimately, this will introduce bitcoin to a whole new class of investors and expand the asset class.”

Recall that as of March 31, 2022, MicroStrategy owned 129,218 BTC with a current value of $5.12 billion. Saylor, however, indicated that the software company does not currently plan to engage in the sale of BTC.

According to Saylor, bitcoin (BTC) represents the least risky asset for investors, especially since Fidelity launched a new offering, the 401(k) offering. According to the CEO of MicroStrategy, this offer will attract investors and expand the possibilities related to the digital asset.

Source: The Daily Hodl

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