In his most recent tweet, Michael Saylor, CEO of the MicroStrategy business intelligence software company and a Bitcoin evangelist, offered a reason why it is time to stop debating whether Bitcoin or gold is a better store of value.
It is Bitcoin, he claims, because in 2021 alone, BTC increased 332 percent while gold fell 10.5 percent. In terms of this decade, he reminds the crypto Twitter that Bitcoin has provided a 146 percent annual yield, whereas gold has provided zero annual returns.
#Gold is down 10.5% in the same year #Bitcoin is up 332%. Gold has returned 0% per year in the same decade Bitcoin has returned 146% annually. Why do we still debate which is the superior store of value?— Michael Saylor⚡️ (@michael_saylor) September 17, 2021
MicroStrategy manages Bitcoin for a number of other companies, including: Willy Woo is an abbreviation for Willy Woo
Willy Woo, a prominent crypto trader and entrepreneur, believes Saylor’s company is holding Bitcoin for many other companies – it is easier for them to buy MicroStrategy’s stock to gain BTC exposure than to hold Bitcoin themselves and deal with the hassles that come with it.
MicroStrategy has already raised debt from shareholders twice in order to purchase more of the flagship cryptocurrency. It will sell $650 million in convertible debt to investors in December 2020. The company sold about $500 million of it in July.