MicroStrategy (Strategy) founder Michael Saylor argued on a television program that Bitcoin is still not fully understood by Wall Street and drew attention with a striking analogy: “Bitcoin is fed by the fire of truth, becoming smarter, faster and stronger every day.”
Appearing on Fox Business's “Making Money,” Saylor elaborated on his views on the nature of Bitcoin. “Bitcoin is a virus, a virus of freedom,” he said. “It's a monetary structure based on truth,” he said. “The Bitcoin network is supported by individuals worldwide, and this collective structure acts like an unstoppable swarm of hornets.”
Wall Street has been slow to grasp MicroStrategy's strategy and Bitcoin's value, according to Saylor. “We're the ninth most profitable company in the S&P by operating income, but we're 96th by market cap. This contradiction shows that Bitcoin hasn't been fully resolved,” he said.
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