We're going to keep stacking Bitcoin forever, gold is losing war with crypto - MicroStrategy CEO

MicroStrategy CEO Michael Saylor said Friday that his company would continue to buy Bitcoin (BTC-USD) into the foreseeable future, looking to take advantage as wider mainstream acceptance of the cryptocurrency drives the price higher over time. "We're going to keep stacking forever," the chief executive of MicroStrategy (NASDAQ:MSTR) told CNBC. Saylor, whose company provides business intelligence software but has also become a high-profile accumulator of Bitcoin (BTC-USD), argued that growing acceptance of crypto and the specter of inflation underpin a long-term bull case for the asset class. "Crypto's gone mainstream. ... Inflation's gone mainstream," he said. Saylor also pointed to growing clarity on the regulatory front for making cryptocurrency more acceptable to a wider group of potential buyers. The MicroStrategy CEO acknowledged that Bitcoin (BTC-USD) continues to show bouts of volatility, like the declines that have taken it off of recent all-time highs. However, he attributes these price swings to