Micro Strategy CEO Michael Saylor told CNBC on Tuesday that he is seeing a bright future for not only Bitcoin but also various cryptocurrencies.
Sailor, one of the loudest Bitcoin advocates, has been in the past year Raised the profile of his enterprise software company Along Large investment With the world’s largest cryptocurrency in market value.
In an interview on Tuesday “Fast money” According to Sailor, different cryptocurrencies have different purposes, but it can take some time for beginners in the digital asset space to recognize the differences.
For example, Sailor said Bitcoin is considered a “digital asset” and valuable, while Ethereum and the Ethereum blockchain are trying to disrupt traditional finance.
“You will want to build a building on a solid foundation of granite, so Bitcoin is made to last forever — high integrity, very durable. Ethereum is an exchange and financial We are trying to dematerialize the institution, “said Sailor. “When the market begins to understand these things, I think there is a place for everyone.”
MicroStrategy announced it on Monday Recently completed debt solicitation Intended to use the earnings to buy more Bitcoins.
The company also announced on Monday that it will launch a long-term program to sell $ 1 billion worth of additional shares. Sailor told CNBC that the company could use the funds from the stock offering to buy Bitcoin, repay debt, or for general corporate purposes.
MicroStrategy’s share has increased by about 62% so far this year and has increased by more than 400% in the last 12 months.
Shares on Tuesday rose more than 5% in the session, closing at $ 630.54. In February, it hit a 52-week high when trading above $ 1,300.