Michael Saylor Reveals Shocking Reason He Bet $500M on Bitcoin Over Gold

Strategy executive chairman Michael Saylor has revealed why he moved $500 million into Bitcoin during the height of the 2020 market crisis. Speaking with Canadian psychologist and commentator Jordan Peterson, Saylor shared how the pandemic forced him to reconsider traditional financial strategies to protect his company’s large cash reserves.

He explained that U.S. Treasury bonds were ruled out early, as they offered poor returns during a time of rising inflation and fiscal uncertainty. Despite the rise in prices, stocks and real estate did not impress Warren as much as other types of assets, given that their rises seemed mainly due to interest rates. He wanted to save money in a form that the decisions of central banks couldn’t touch.

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Gold used to be regarded as a safe financial asset, but that changed as well. Saylor’s team recommended that he should not invest since gold had not moved much for nearly two decades. He called it “dead money” and stated that it did not have enough growth potential to shield the currency from later losses.

Art was another asset he considered; however, Saylor said the market lacked enough high-value, liquid pieces to justify such a massive investment. Frustrated by the limitations of traditional options, he turned his attention to the emerging digital space.

Bitcoin Emerged as a Liquid, Secure, and Independent Asset

Saylor began a deep dive into Bitcoin through online resources, podcasts, and the well-known book The Bitcoin Standard. He admitted that he had initially dismissed Bitcoin as a scam, but his perspective changed as he studied the technology. Over time, he began to see Bitcoin not just as a currency but as a network and protocol that stores economic energy without being controlled by any single entity.

What fascinated him about Bitcoin were its digital status, low availability, and decentralization. He pointed out that Bitcoin can easily be turned into money and keeps its worth, giving corporations a reason to invest in it.

In the interview, Saylor mentioned the uncertainties surrounding quantum computing and its possible consequences for Bitcoin security. Even though computing progress may cause challenges, he emphasized that Bitcoin’s foundation is still safe and based on math principles.

He described a quantum attack as similar to an attacker stealing an email password. It has nothing to do with the language or system structure; it only influences access. Saylor says that future threats can be managed by upgrading the network and making sure Bitcoin remains safe.

Conclusion

Michael Saylor’s decision to abandon gold and embrace Bitcoin was driven by a need for a more adaptable, high-value asset. His confidence in Bitcoin’s structure and independence remains firm, even in the face of future technological shifts.

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