By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: MicroStrategy CEO declares the traditional financial market is yet to accept Bitcoin bonds
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > News > CRYPTOPEDIA > BITCOIN NEWS > MicroStrategy CEO declares the traditional financial market is yet to accept Bitcoin bonds
BITCOIN NEWSCRYPTOPEDIANews

MicroStrategy CEO declares the traditional financial market is yet to accept Bitcoin bonds

NFT Studio 24
Posted NFT Studio 24 April 1, 2022 473 Views 3 Min Read
Updated 2022/04/06 at 4:15 AM
Michael Saylor Bitcoin bonds
SHARE

Bitcoin bonds – is the financial market ready to accept them? MicroStrategy CEO Michael Saylor says no, not yet.

In his recent interview with Bloomberg, Saylor revealed that Bitcoin-backed bonds should remain a concept as the financial market is not ready to invest in them. He hopes that in the future these bonds will be sold like “mortgage-backed securities” but the world is far away from accepting them as an authentic asset at present.

According to Saylor, Bitcoin bonds for the financial market right now would be a huge risk. Saylor’s advice might be a response or warning to El Salvador who announced their plans to release “Volcano Bonds” worth 1 billion dollars of Bitcoin last year. However, the advocating president of El Salvador, Nayib Bukele, recently withheld those bonds due to the global financial crisis following the events in Ukraine.

The software development company’s CEO also revealed they took a Bitcoin loan worth $205M as collateral to expand their own Bitcoin-based subsidiary MSTR by buying more BTC. MicroStrategy currently owns 125,051 worth of BTC.

MacroStrategy, a subsidiary of @MicroStrategy, has closed a $205 million bitcoin-collateralized loan with Silvergate Bank to purchase #bitcoin. $MSTR $SIhttps://t.co/QYw2ZgeE3U

— Michael Saylor⚡️ (@saylor) March 29, 2022

MicroStrategy is set on a mission to buy more digital assets. Saylor is against the idea of companies using cryptocurrency as their finances. Instead of focusing on Bitcoin-backed bonds, MicroStrategy’s CEO believes Bitcoin-collateralized loans are less risky.

With the success of the company’s market value, Saylor gives a solution to increasing global debt and inflation. This solution is opposite to El Salvador’s strategy to sell Bitcoin-backed bonds. He advises buying Bitcoin.

When sovereign debt is no longer a store of value, the rational response is to replace bonds with #bitcoin. https://t.co/6hAjrQPxPi

— Michael Saylor⚡️ (@saylor) March 30, 2022

If you have really enjoyed reading our news. Then you should dare to leave comments and your feedback in the comment sections. And please share our news in your circles to help us grow.

As well, you can connect with us on our NFT based community on our social media accounts on Instagram, Facebook, and Twitter. Feel free to share your thoughts, and comments with us.

Disclaimer: We are not experts or financial advisors. Kindly, take your decisions at your own risk. As crypto investment contains risk. And our aim is to keep you aware of the current cryptocurrencies, and NFTs headlines.

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy1
Sleepy0
Angry0
Dead0
Wink0
Previous Article Mie’s Take Shrine visitors can now get free NFT Goshuin
Next Article Ukraine aid CRYPTO Cryptocurrency Today: Bitcoin and other cryptocurrencies decline; global inflation & Ukraine aid
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

DeFi protocol DefiLlama has resolved its internal conflicts 1
DeFi protocol DefiLlama has resolved its internal conflicts
CRYPTOPEDIA News WEB3 March 21, 2023
Crypto Fear and Greed Index has reached its highest level
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWS News March 21, 2023
Project AI Powered Trading Platform Accused of Draining 1M from Users
Project ‘AI-Powered’ Trading Platform Accused of Draining $1M from Users
AI BLOCKCHAIN NEWS News March 20, 2023
Join us
Ad imageAd image

You Might also Like

DeFi protocol DefiLlama has resolved its internal conflicts 1
CRYPTOPEDIANewsWEB3

DeFi protocol DefiLlama has resolved its internal conflicts

March 21, 2023
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWSNews

Crypto Fear and Greed Index has reached its highest level

March 21, 2023
Project AI Powered Trading Platform Accused of Draining 1M from Users
AIBLOCKCHAIN NEWSNews

Project ‘AI-Powered’ Trading Platform Accused of Draining $1M from Users

March 20, 2023
New York allows Binance Voyager deal to proceed without holdings
EXCHANGESNews

New York Judge allows Binance-Voyager deal to proceed without holdings

March 17, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?