In a recent interview at the FIGM (Financial Innovation & Games) conference in Boston, Michael Saylor, the founder of Strategy (formerly Microstrategy), discussed the present moment as a pivotal entry point for bitcoin (BTC). Many of the earlier risks tied to the asset have largely been eliminated, he said.
Many of the earlier risks tied to the asset have largely been eliminated, he said.
“This is kind of a historic entry point, because all of the risk has been stripped off the asset,” Saylor said on stage during his interview at FIGM on Monday morning. “Like, you pretty much know Wall Street’s gonna embrace it, the U.S. government’s gonna embrace it …which means all banks will embrace it.”
The interviewer, FIGM founder Greg Brody, noted that while interest is heating up on the part of institutions like banks and hedge funds, many registered investment advisers (RIAs) are still pulling back. Walking the conference floor, Brody encountered several advisers who said they were intrigued by bitcoin but still grappling with how to recommend it to clients used to a traditional investment framework. He wanted to hear directly from Saylor how he would address the lingering unease.
Saylor responded by highlighting the unique endorsement bitcoin has received at the highest levels of U.S. leadership. No other asset in modern American history has been met with such vocal support from a sitting president, he said.
“In the 21st century, you have just one asset, bitcoin, [with] the president saying, ‘Don’t sell your bitcoin,’ saying more than that, saying the United States won’t sell its bitcoin,” Saylor said.
“And so everything else you put your client into, if the U.S government seized any other security that you sold to a client, if they seized any collectible, any art, any real estate, they would sell it. The only thing that the U.S. government won’t sell if they are to seize it as bitcoin.”
