Jonathan Golub, Credit Suisse chief U.S. equity strategist, on getting ready for tomorrow's Fed meeting. With CNBC's Courtney Reagan and the Fast Money traders, Guy Adami, Dan Nathan, Tim Seymour and Karen Finerman. Subscribe to CNBC PRO for access to investor and analyst insights on crypto and more: https://cnb.cx/2BT2E7y

MicroStrategy CEO Michael Saylor told CNBC on Tuesday he sees a bright future for a range of cryptocurrencies, not just bitcoin.

Saylor, one of the most vocal bitcoin proponents, has over the past year raised the profile of his enterprise software company by investing heavily in the world’s largest cryptocurrency by market value.

In an interview Tuesday on “Fast Money,” Saylor said different cryptocurrencies serve different purposes, but it might take time for newcomers to the digital asset space to recognize those distinctions.

For example, Saylor said, he sees bitcoin as “digital property” and a store of value, while ether and the Ethereum blockchain seek to disrupt traditional finance.

“You’re going to want to build your buildings on a solid footing of granite, so bitcoin is made to last forever — high integrity, very durable. Ethereum is trying to dematerialize exchanges and the finance establishment,” Saylor said. “I think that as the market starts to understand these things, there’s a place for everybody.”

MicroStrategy announced Monday that it recently completed a debt offering with the intention of using proceeds to buy more bitcoin.

The company also said Monday it is launching a program to sell $1 billion worth of additional stock over time. Saylor told CNBC the firm could use money from the stock offering to purchase bitcoin, to retire debt or for general corporate purposes.

Shares of MicroStrategy are up about 62% so far this year and more than 400% in the past 12 months.

The stock closed Tuesday at $630.54, up more than 5% on the session. In February, it set a 52-week high when it traded above $1,300.

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n...

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

https://www.cnbc.com/select/best-cred...

#CNBC
#CNBCTV