MicroStrategy Inc. co-founder and Chairman Michael Saylor has urged companies to invest in Bitcoin, stating that bonds are "toxic." He made these remarks during his presentation at the ICR Conference, where he compared the performance of Bitcoin with bonds since 2020. Saylor criticized companies like Microsoft and Nvidia for not following MicroStrategy's example of purchasing Bitcoin. MicroStrategy recently announced its 10th consecutive week of Bitcoin purchases, including a $243 million acquisition. Saylor emphasized that 70 companies currently hold Bitcoin and highlighted the potential benefits of investing in the cryptocurrency. MicroStrategy's shares have seen a significant increase this year, and the company now owns over 2% of all Bitcoin in existence. Saylor concluded by urging executives to consider adopting Bitcoin. Additionally, it was reported that Saylor recently visited Mar-a-Lago at the invitation of Donald Trump to further discuss Bitcoin, potentially indicating a role for Saylor in advising Trump on the cryptocurrency.



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