Following Fidelity’s announcement about using Bitcoin in 401,000 retirement plans, MicroStrategy founder and CEO Michael Salyor stated that his company wants to be the first to offer such a benefit to its employees.
As a highlight, he stated that Bitcoin is practically made for this and that many buy it to leave it to their grandchildren. The billionaire went further in his response, saying that Bitcoin is less risky than bonds, stocks and even gold.
On a busy day for cryptocurrency investors, Saylor also made statements about management changes on Twitter. According to the billionaire, Bitcoin could be an alternative to stop scammers from filling their tweets with irrelevant comments.
Bitcoin as an option for 401k retirement plan
As the culmination of Michael Saylor’s CNBC interview, the billionaire claims that “Bitcoin is less risky than bonds.” His comment comes after Fidelity announced that millions of people will have the option to invest in BTC with the so-called 401k plan, a common form of retirement in the US.
“Bitcoin is a digital asset, which makes it the perfect asset for a retirement plan. It is less risky than bonds, stocks, commercial real estate and gold.”
MicroStrategy will partner with Fidelity Investments to offer employees bitcoin options in their 401(k) accounts. $MSTR
“It’s like money moving at the speed of light,” said MicroStrategy Chairman & CEO @saylor†@CNBC pic.twitter.com/vkYRpoe65V
— Squawk on the street (@SquawkStreet) Apr 26, 2022
Saylor goes on to argue that Bitcoin was almost made for this, stating that many people buy it to leave it to their grandchildren.
“I think Fidelity has put its finger on the subject. There are 80 million Americans who own digital assets, 30% of institutions want them [estes ativos]†said Michael Saylor, CEO of MicroStrategy. “A 401k is commonplace for millions of employees who use it to save money and think about protecting their families.”
On his social networks, Saylor stated that his company, MicroStrategy, plans to be the first public company to make this possible. Nothing could be fairer, after all, MicroStrategy is the public company that has the most bitcoins in cash, totaling 129,218 BTC (R$24.7 billion).
“MicroStrategy is partnering with Fidelity Digital Assets to become the first public company to offer its employees the opportunity to invest in Bitcoin as part of our 401(k) program.”
MicroStrategy works with @DigitalAssets to be the first publicly traded company to offer its employees the opportunity to invest in #bitcoin as part of our 401(k) program.
—Michael Saylor⚡️ (@saylor) Apr 26, 2022
Michael Saylor has suggestions for Twitter
Taking advantage of the fact that Elon Musk, another billionaire fond of cryptocurrencies, is buying Twitter, Saylor took the opportunity to share his thoughts on improvements to the platform.
“My @twitter feed is full of bots who (a) don’t like bitcoin (b) don’t want real people talking (c) don’t like measures that kill bots (d) want to see the world burn (e) stay nun -stop yelling.”
mine @twitter feed is full of bots that (a) don’t like #bitcoin (b) don’t want real people to speak up (c) don’t like measures that would eliminate bots (d) want to see the world burn (e) keep on screaming endlessly.
—Michael Saylor⚡️ (@saylor) Apr 26, 2022
As a solution, Saylor recommended using a charging mechanism that uses Bitcoin itself. In this way, users would be identified as verified and, according to the billionaire, would “eliminate all malicious behavior”, allowing it to be used in a healthy way by anyone.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
