Microstrategy avoids multi-billion dollar error by choosing Bitcoin to Gold-Bitcoin News

I had chosen gold instead of Bitcoin last year, it would have been a billion -dollar mistake. It does not help diagnose the problem if you do not choose the right solution.

The CEO also published the yield of gold to Bitcoin. According to his estimate, Gold has achieved a return of -5.88% in the past 12 months, while Bitcoin achieved 376.34%. In addition, the yield of gold in the past 12 months was -80%.

Microstrategy has made Bitcoin acquiring one of his main goals. The company now hodls about 108.992 btc .

Saylor called at the beginning of this year: "Gold is dead money. Sell your gold, buy Bitcoin because other people will sell your gold, and when you are waiting for all hedge funds to be at the top when you throw your gold, you will be the last person who is outside.

in April, Saylor and Frank Giustra Bitcoin vs. Gold. "Diversification makes no sense if there is a cracked answer to a technical problem," said the CEO of Microstrategy at the time. He said: "You will never vary the metal in a aircraft wing or the answer to a mathematical problem, the shape of the ship's hull or the oxygen content in a diving bottle. If the cabin becomes presseless, do not create an oxygen mask of your family.

Investors are increasingly buying Bitcoin as an alternative to gold. A from UBS, the largest bench in Switzerland states that central bankers are stated in it see to invest in cryptocurrencies like Bitcoin. Among those surveyed see 28% cryptocurrency as uncorrelated asset and "11% would consider them as an alternative to gold".