Michael Saylor Calls Out Bitcoin Skeptics as Vanguard Becomes His Largest Shareholder

In a recent interview with Natalie Brunell, Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), defended Bitcoin’s long-term value despite criticism from traditional finance leaders.

He argued that dismissing Bitcoin for having “no cash flow” misunderstands how markets assess enduring assets.
Saylor compared Bitcoin to diamonds, gold, fine art, and land, all property-type assets that are universally recognized but do not generate yield.

“As money, what matters is liquidity and salability, not cash flow,” he said, stressing that Bitcoin’s unique structure makes it the most secure and transferable monetary network ever created.

The comments followed a pointed contrast: while Vanguard’s CEO recently labeled Bitcoin “uninvestable,” Vanguard itself has become the largest shareholder in Saylor’s company, which holds more Bitcoin than any other corporation globally.

For Saylor, the irony underscores how slowly some traditional finance players adapt to new forms of value storage.

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He concluded that Bitcoin should be judged by its monetary fundamentals and liquidity profile, not outdated cash-flow metrics. For Saylor, Bitcoin isn’t just an asset, it’s the foundation of a new monetary era.