Following Trump’s election victory, the market began to rise. Bitcoin continues to approach the $2 trillion market cap, reaching $92,460, up 1% in the last 24 hours. XRP, on the other hand, has surpassed its price, which has been at $1 for a long time, and has achieved a 50% rally. Michael Saylor, CEO of MicroStrategy and a prominent Bitcoin advocate, denied claims that he would not recommend assets like XRP to his clients.
Saylor’s Bitcoin-Focused Investment Philosophy$BTC
Speaking on the PBD Podcast, Saylor stated that his investment strategy focuses solely on Bitcoin and sees it as the best long-term investment. Drawing attention to the risks associated with securities, Saylor emphasized that he avoids investing in cryptocurrencies such as XRP and stocks of large companies such as Apple. He stated that MicroStrategy's shares have increased by 2,735% in the last five years thanks to Bitcoin investments, making the company the leader in institutional Bitcoin ownership. Saylor defined Bitcoin as digital capital and stated that he sees it as the most reliable asset in the volatile crypto market. Although a US court ruled last July that XRP is not a security, Saylor's statements show that he still considers XRP a security. Stating that his investment philosophy focuses on Bitcoin, Saylor also exhibits a generally optimistic approach to the crypto ecosystem. He also stated that he thinks that technology giants are missing out on great opportunities by not investing in Bitcoin. Saylor, who stated that Microsoft has $78 billion in cash reserves and supports projects such as Skype and OpenAI, criticized Microsoft for not investing in Bitcoin or similar assets. Saylor argues that Bitcoin is a superior alternative to cash reserves. He said that if Apple invested $100 billion in Bitcoin, it could grow to $500 billion and create a huge business opportunity with a 20% annual growth rate.
Under Saylor’s leadership, MicroStrategy has adopted Bitcoin as its corporate treasury strategy, holding more than 330,000 BTC worth $30 billion in assets. Saylor says the strategy has helped the company outperform the broader markets, and he recommends other companies adopt a similar approach.
Speaking about stablecoins like USDT and USDC, Saylor acknowledged that their importance has increased, especially in economically unstable regions, such as Venezuela and Cuba. He noted that these assets have the potential to modernize global finance and provide solutions to humanitarian challenges. However, he stressed that clear regulatory frameworks are needed in the U.S. for stablecoins to grow from $150 billion to $10 trillion.
XRP Demand Increases
Despite the negative comments, on-chain data shows that there is increasing demand for XRP. There are significant withdrawals from major exchanges. 250 million XRP tokens were withdrawn from Upbit in the last week, and according to CryptoQuant, the exchange’s reserves have fallen to 6.3 billion tokens, the lowest level in the last four months. Binance has also been seeing a steady decline in XRP reserves since November 12. This indicates increasing buying pressure as investors transfer XRP to private wallets. Generally, a decrease in supply on exchanges indicates that there may be an upward movement in the price of XRP, which could be the start of a potential uptrend.