Michael Sailor: “Ethereum has its place, and bitcoin in 50 times better than gold " – Bits Media

MicroStrategy CEO Michael Sailor (Michael Saylor) considers, that Ethereum is good for certain uses, and bitcoin in 50 times more attractive for investment, than gold.

Previously, Sailor rarely talked about other cryptocurrencies., besides bitcoin. but, During the recent Fast Money program on the CNBC channel, Sailor said, that the Ethereum has its own place in a cryptocurrency ecosystem.

According to him, Ethereum is a "digital application", which "dematerialize JPMorgan, banking institutions and any exchanges ". Sailor also called Bitcoin investments much more attractive, than in gold:

“In the latter 12 months everyone has been waiting for inflation and, think, Now we are just observing it. Think, that investors see the growth of bitcoin on 330%, While gold has grown on 7%. Therefore, bitcoin c 50 Once it works better than gold as an asset for hedging inflation. Yes, you yourself see, Like Paul Tudor Jones (Paul Tudor Jones) and other investors increase investments in bitcoin ".

Sailor told, that although investments in bitcoin are considered risky, Investors and shareholders of Microstrategy "are just happy". Recall, that the company's wallets are more 92 000 BTC.

Recently Microstrategy has been selling bonds for the amount $500 million and announced plans to sell its own shares on $1 billion. Funds will go to increase bitcoin reserves.