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IPFS News Link • Bitcoin

How Bitcoin Hits $100,000 Next: Morgan Stanley Boosts Stake In Microstrategy...

• https://www.zerohedge.com, by Tyler Durden

"Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders," said MSTR CEO Michael Saylor.

"This investment reflects our belief that Bitcoin, as the world's most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy."


http://www.thelibertyadvisor.com/declare