Saylor Compares BTC to Early Apple: ‘No One Can Stop, and Few Understand’
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MicroStrategy CEO Michael Saylor has compared his early backing of Apple to that of BTC, calling the crypto “a dominant monetary network that everyone needs.”
The BTC maximalist recently tweeted about an old video that surfaced. The video features Saylor talking about Apple and how bullish he was on the company back during the iPhone 5. Saylor commented in the video, saying “I would be very long on that company, whoever is selling that stock must be a moron.”
Saylor commented on the old video, this time relating his opinion to BTC. The founder of MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services, made references to early Apple growth and BTC.
In a tweet, he said “Apple was a dominant mobile network that everyone needed, no one could stop, and few understood. BTC is a dominant monetary network that everyone needs, no one can stop, and few understand.”
MicroStrategy bullish on BTC
Saylor and his company have been extremely bullish on BTC in recent months. Earlier this week, MicroStrategy announced that it would be selling $1 billion in stock to purchase more BTC. Saylor also joined the newly launched BTC Mining Council which will look at how to make BTC mining more energy efficient in the future.
The company has also recently sold $500 million in secured notes to raise funds to purchase more BTC. The company currently holds well over 90,000 BTC in its reserves, totaling more than $3 billion with no plans on slowing down anytime soon. However Saylor has previously stated that the entities he controls hold 111,000 BTC.
The BTC maximalist has no plans on selling any BTC anytime soon.
Speaking at the Parallel Summit 2021 earlier this week, Saylor also commented further on BTC, saying “I don’t think there’s any other asset where every intelligent person who understands it, decides to do everything they can to make it more valuable.”
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