MicroStrategy chief executive says private firms will move into Bitcoin in coming months.

The head of MicroStrategy, the first public company to invest part of its capital in bitcoin, is confident that its example will be followed by other private firms in the coming six months. This was stated by Michael Saylor in an interview with Bloomberg.

“Most likely, private companies will be the first, because they lack that inertia. Public companies of our size, then mid-sized firms,” said Michael Saylor.

In August MicroStrategy invested about $250 million in cryptocurrency, buying 21,454 BTC. In September the analytics software provider acquired an additional 16,796 BTC for $175 million.

Saylor noted that he discussed the decision with ten major shareholders. Most of them supported and approved the bitcoin investment by the company, which has a market value of $1.5 billion.

In his words, he is not a crypto enthusiast, and if the returns on other assets rise, he would not hesitate to abandon bitcoin, but there are no plans to sell in the near term.

Since August 11, when the company announced the purchase of its first batch of cryptocurrency, its price has fallen by about 6%. Saylor did not express concern about this:

“Volatility is not really a reason to sell. Right now it’s the only thing we can find with positive real returns.”

MicroStrategy’s chief executive emphasised that bitcoin is currently a less risky asset than fiat money or gold.

Earlier, Saylor revealed how the company’s traders bought a large tranche of bitcoins without affecting the price of the cryptocurrency.

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