MicroStrategy CEO Michael Saylor is widely known as a bitcoin fanatic. He periodically states that BTC will rise in price as this asset forms a new financial system.
During a speech at the Economic Club of New York, he compared cryptocurrencies to real estate that an investor purchases in an American metropolis.
In the context of rising inflation, real estate retains the status of a reliable and profitable asset. In this regard, bitcoin can also be considered a safe-haven asset that is not subject to inflation risks.
Gold can also be viewed as a hedging instrument, however, it cannot be rented like real estate.
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Michael Saylor said: "If your grandparents were smart enough to buy real estate in New York and your family still has it, then you're good to go."
MicroStrategy for the first time sent part of its capital to bitcoin in August 2020.
According to its CEO, the software giant will continue to build up reserves in cryptocurrency. Even a drastic fall in the value of BTC will not force the company to get rid of this asset, Sailor emphasized.