Investing.com– MicroStrategy Inc. (NASDAQ:). Co-founder and chairman Michael Saylor recommended companies invest in bonds, calling them “toxic,” Bloomberg reported Monday.
Saylor made the remarks during his presentation at the ICR conference in Orlando on Monday.
Saylor compared the performance of Bitcoin and bonds since 2020, pointing out that the cryptocurrency’s value has increased since MicroStrategy adopted its strategy of buying Bitcoin, while bonds have seen a decline, Bloomberg said.
Speaking to a ballroom full of executives and investors at the retail conference, Saylor said Bitcoin is a viable investment option for any business, the report added.
This follows MicroStrategy’s recent disclosure of its Bitcoin purchases. The company said it purchased $243 million worth of cryptocurrency, marking its 10th consecutive weekly purchase.
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