“Don’t Sell Your Bitcoin”: Wood and Saylor Evangelize for Bitcoin in Miami

Latest Crypto News

Photo Credit: Miami Herald/JOSE A. IGLESIAS

Key Takeaways

  • Cathie Wood and Michael Saylor sat together for a fireside chat at Bitcoin 2022 in Miami this morning.
  • In their conversation, both Wood and Saylor reiterated their optimistic takes on the future of Bitcoin.
  • Saylor’s firm MicroStrategy is famous for accumulating Bitcoin, and Wood’s ARK Invest is known for investing in disruptive technologies.

ARK Invest CEO Cathie Wood and MicroStrategy CEO Michael Saylor appeared together for a fireside chat at Bitcoin 2022 today. The duo talked about the shifting regulatory landscape, projections for the future, and their overall bullishness on the cryptocurrency.



Latest Crypto News Bitcoin Bulls In Conversation

The bulls are out in full force in Miami this week, and two of the biggest made their appearances today.

Cathie Wood and Michael Saylor, the respective CEOs of ARK Invest and Microstrategy, appeared for a fireside chat at Bitcoin 2022 in Miami this morning. Wood and Saylor, who are famous for their optimism about the future of the cryptocurrency, are often credited with popularizing Bitcoin among traditional investment firms. 

In a talk tiled “The Future is Bright,” both Wood and Saylor spoke in optimistic tones about the future of the cryptocurrency. Notably, both Wood and Saylor concurred that the regulatory landscape surrounding cryptocurrencies seems friendlier toward the space in recent months, and they commented on the apparent shifting views of regulators. Saylor, in particular, remarked:

“I think the last 12 months have been a 180-degree turn… I think a couple weeks ago, with the executive order, what we had was the President of the United States giving a green light to Bitcoin.”

Saylor’s MicroStrategy, which ostensibly provides business intelligence software, has made waves in recent years as a major institutional Bitcoin whale, accumulating billions of dollars in Bitcoin since August 2020. The company currently owns over 125,000 Bitcoin valued at around $5.4 billion. In March, MacroStrategy, a branch of MicroStrategy, borrowed $215 million from Silvergate in order to buy more Bitcoin.

Cathie Wood is the founder and chief investment officer of Ark Invest, an investment management firm that focuses on disruptive innovation in its many exchange traded funds. Ark’s ETF’s gained immense popularity in 2020, particularly with retail investors. Since the historic run-up of the firm’s many ETFs, however, they have fallen sharply since February 2021. In her talk with Saylor, Wood reiterated ARK Invests’ call that Bitcoin would hit $1 million by 2030.



Saylor closed with both a warning and advice to his audience: “If you want to turn $250 million into $6 billion, buy Bitcoin, not gold.” He continued: “If I’d have bought $250 million in gold, I would have $250 million in gold instead of $6 billion in Bitcoin.”

Before departing the stage, Saylor left the audience with a clear message reiterating his belief in the top crypto asset. “Don’t sell your Bitcoin,” he said.

Disclosure: At the time of writing, the author of this piece owned BTC and several other cryptocurrencies. Crypto Briefing is a media sponsor of Bitcoin 2022.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Bitcoin to $1M, Ethereum to $180,000 by 2030: ARK Report

News

In a new research report, American investment firm ARK Invest has shared bold price predictions for Bitcoin and Ethereum for the end of this decade. ARK Makes Bull Case for…

latest Crypto News Bitcoin to $1M, Ethereum to $180,000 by 2030: ARK Report

MicroStrategy Borrows Against Bitcoin to Buy More Bitcoin

MicroStrategy arm MacroStrategy used a portion of the Bitcoin held in its reserves as collateral for the loan.  MicroStrategy Announces Bitcoin Buy  After accumulating some 124,000 Bitcoin, MicroStrategy is now…

latest Crypto News MicroStrategy Borrows Against Bitcoin to Buy More Bitcoin

Ark Investment Makes Its Case for a Greener Bitcoin

ARK Investment Management published a report rejecting the well-known narrative of Bitcoin’s heavy environmental impact. Bitcoin: A Battery for Renewable Energies? One of the primary criticisms against Bitcoin is its…

latest Crypto News Ark Investment Makes Its Case for a Greener Bitcoin

Read More

wp reddit