Share this article
'Bitcoin Is Going to Eat Gold': MicroStrategy’s Michael Saylor
MicroStrategy is the owner of 205,000 bitcoin worth nearly $15 billion at the current per token price of $72,000.
Updated Mar 11, 2024, 5:15 p.m. Published Mar 11, 2024, 5:00 p.m.
- MicroStrategy CEO Michael Saylor said bitcoin will "eat" gold in the future.
- Bitcoin has all the the metal's great attributes, but none of its problems.
- MicroStrategy on Monday purchased another 12,000 bitcoin, bringing its total holdings to 205,000 tokens.
Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 bitcoins , MicroStrategy (MSTR) Executive Chairman Michael Saylor said the crypto will be a much more valuable asset than gold in the future.
“Bitcoin is certainly at least digital gold, it’s going to eat gold,” Saylor said, “It’s got all of the great attributes of gold and it’s got none of the defects of gold.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As one well-worn example, Saylor said that gold can’t easily be moved from New York to Tokyo in a few minutes, unlike bitcoin. He also expects bitcoin to divert money away from other risk assets, including the giant SPDR S&P 500 ETF (SPY), and for bitcoin to begin showing up in other funds similar to the BlackRock setting plans to acquire spot BTC ETFs in its Global Allocation Fund.
Bitcoin on Monday became the world’s eighth most valuable asset, surpassing silver as its market cap rose above $1.4 trillion. It has a long way to go before it reaches the value of gold, which stands at a whopping $14.7 trillion valuation.
Saylor reminded of the upcoming Bitcoin halving in April, which will reduce the crypto's block reward by 50%, meaning just 450 new bitcoins hitting the market each day from the current 900. “The price of bitcoin is going to have to adjust up in order to meet that investor demand.”
Saylor's MicroStrategy (MSTR) on Monday announced that it had bought 12,000 more bitcoin for just over $800 million, bringing its holdings to 205,000 tokens. Asset manager BlackRock's iShares Bitcoin ETF (IBIT) had briefly surpassed MSTR's stack on Friday when its holdings rose to about 196,000 coins.
More For You
需要了解的:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Most Influential: Hayden Davis
Crypto’s Gen Z supervillain may have single-handedly popped the memecoin bubble this year, exposing it as less a cultural movement and more a parasitic financial machine feeding on new entrants.
Top Stories
