#CryptoCurrency / MicroStrategy CEO Says Bitcoin Is ‘Less Risky’ Than Cash

The CEO of a Virginia-based software firm claimed that the Federal Reserve’s easing of its inflation approach was a factor in his decision to convert the rest of the firm’s money to bitcoin… “We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold.”

MicroStrategy was reportedly the first public firm to invest most of its treasury in the cryptocurrency in the summer… the firm has roughly half a billion dollars primarily kept in short-term federal government securities…

“Once the real yield on our treasury got to more than negative 10 percent, we realized that everything we are doing on P&L is irrelevant.”