Ripple Not Recommended by MicroStrategy’s Michael Saylor

In a recent interview, Michael Saylor, the co-founder and executive chairman of MicroStrategy, reaffirmed his stance on Bitcoin, declaring, “I am Bitcoin only, 100%.” Saylor’s commitment to Bitcoin is well-known, but his latest comments further proves his unwavering stance for the token.

In the interview, Saylor expressed his desire to see the digital asset industry grow exponentially, aiming for an increase from its current valuation of $1 trillion to a whopping $500 trillion.

JUST IN: 🇺🇸 MICHAEL SAYLOR STATES HE WOULD NOT RECOMMEND RIPPLE $XRP TO CLIENTS!

When asked by @patrickbetdavid if he would recommend Ripple to clients, @saylor stated —

“I wouldn’t recommend a security because there’s a counter party.”

Bitcoin Maxi’s Are Yet To Understand… pic.twitter.com/Vq6Mw7AmIF

— Good Morning Crypto (@AbsGMCrypto) November 19, 2024

Michael Saylor Will Never Recommend Ripple

During the discussion, the interviewer asked whether there might ever be a time when Saylor could support or recommend Ripple, a prominent digital asset often associated with cross-border payment solutions. Saylor dismissed the idea outright, stating, “I wouldn’t recommend a security because there’s a counterparty to a security.” He emphasized that his investment philosophy is rooted in the belief that Bitcoin is the only digital asset he trusts completely.

Diversifying Dilutes Core Principles

Saylor went on to clarify that his reluctance to endorse other cryptocurrencies or securities stems from his commitment to maintaining a a focused investment strategy. “You have to stay in your lane.” he said, suggesting that diversifying into other digital assets could dilute his core principles.

Despite the growing landscape of digital assets and various blockchain projects, Saylor remains resolute in his belief that Bitcoin represents the future of finance. His vision aligns with many in the crypto community who see Bitcoin as a hedge against inflation and a store of value.

As the digital asset market continues to evolve, Saylor’s insights will undoubtedly influence investors looking for guidance in this complex and rapidly changing environment.