“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value." - Michael Saylor
These are the words of the CEO of MicroStrategy, an enterprise analytics firm that has made a huge investment into Bitcoin, not truly as a speculative avenue, not as a small allocation in order to gain exposure to its potential upside, and protect from downside risk, and not as a means to provide a service for the industry or change their business strategy. They have purchased 21,424 bitcoins after an analysis of the global macro environment, the failing faith in the fiat financial system, and in seeking a long term store of value with significant growth potential.
They have looked at their treasury and compared their options, to either hold the mighty US dollar (the current global reserve currency) or Bitcoin (the most secure, independent digital currency) and have decided that the principal holding of their treasury reserves, would be safer in Bitcoin.
The Dominos are beginning to Fall
Check out the Fidelity article mentioned in this episode to dig further:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_183---Custody-in-the-Age-of-Digital-Assets-Fidelity-Digital-e2ndoi
"As Victor Hugo reminds us: nothing is as powerful as an idea whose time has come. Bitcoin is here to stay; and Bitcoin’s time...
Another short but excellent blog post covering the incredible work being done by the team over at @CasaHODL. For the first time we are...
"Cryptocurrency market-isms are built on claims about the economic and computer science advances Bitcoin and cryptocurrencies have achieved, and thus have a direct relationship...