MicroStrategy CEO Michael Saylor Discusses Bitcoin on Tucker Carlson Tonight

On Monday, Michael J.Saylor, CEO of Microstrategy, appeared on Tucker Carlson Tonight, an American talk show on Fox News, to discuss Bitcoin. Saylor is a pro-bitcoin investor who has always been bullish on the world's largest cryptocurrency.

According to Michael Saylor:

"Bitcoin is a fair, open equitable network with a simple promise, anyone who wants to join which is what you own is yours and no one is going to take away from you."

Bitcoin — A Safe Haven for Investors

Saylor drew a notable connection between the equities and crypto markets, both of which are experiencing severe losses. He emphasized the risks of investing in fiat derivatives such as bonds and stocks.

The MicroStrategy CEO emphasized the success of Bitcoin and off-chain stock market assets since the start of the COVID pandemic. When the Nasdaq and S&P 500 rose by 19% and 29%, respectively, Bitcoin has nearly doubled since 2020. During the crisis, the supply of US dollars increased by just 36%, while gold increased by 7%.

According to MicroStrategy's SEC report at the end of Q1 2022, the business intelligence firm has 129,218 Bitcoins in its reserves. When asked if he is buying or selling Bitcoin, Saylor stated that he will "buying at the top forever." Furthermore, he stated that he will be purchasing additional Bitcoin during the market drop.

He is confident that Bitcoin's Lightning Network, the native layer-2 payment mechanism, will spread even further to cover significant worldwide transactions, fulfilling "Satoshi's promise."

With governments legalizing Bitcoin, well-known firms adopting it as a payment currency, and the installation of Bitcoin ATMs in prominent locations, the largest cryptocurrency is on its way to global adoption.