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Bitcoin (BTC) is the least risky thing in a retirement portfolio, says Michael Saylor, CEO of MicroStrategy

MicroStrategy founder and CEO Michael Saylor says people should add crypto to their retirement portfolio after Fidelity Investments decided to launch one Bitcoin (BTC)-Introduce option for its 401(k) plans.
During Microstrategy’s first-quarter earnings call on Tuesday, Saylor said that the leading cryptocurrency is a far better asset than gold.

“To call it digital gold is an understatement. It really is the hardest money in the history of the world. But if you’re thinking about generational wealth and wanting to leave something for your grandkids or have a retirement fund, that’s obviously a very, very compelling element of a 401(k)… What would I want to hold in any form of commodity money that’s better than a commodity, because nobody can make more of it, and bitcoin is the thing.”

As current economic conditions make people fear investing money in stocks and bonds, Saylor says Bitcoin is the least risky asset to invest in for retirement.

“The launch of 401(k) was kind of the shot that was heard around the world here, because what’s going on here is that people need to stop and think about it, and either this is the least risky thing to put in a retirement portfolio, or Too risky to put in a retirement portfolio.

Once you think about it and study it, you’ll find that this is the least risky thing to put in a retirement portfolio. At least that’s the opinion of people who’ve been around Bitcoin for a while, so Fidelity’s 401(k) offering is a massive educational event. It will bring that front and middle to the table for financial advisors, retirement planners, and the entire big financial industry, and I think it will ultimately introduce Bitcoin to a whole new class of investors and expand the asset class.”

As of March 31, 2022, Microstrategy owns 129,218 Bitcoin, currently worth $5.12 billion. Saylor says the software company has no plans to sell BTC at this time, citing the strategy of acquiring and holding the crypto asset for the long-term.
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Source: Crypto News Deutsch

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