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  • MicroStrategy CEO and bitcoin evangelist Michael Saylor said this is the "year of institutional investment" in cryptocurrencies.
  • The news comes as bitcoin tested new highs of over $48,000 per coin on Tuesday morning.
  • Saylor held a "Bitcoin for Corporations" conference on February 3 and 4 that saw 7,000 companies attend.
    • * 10 Things Before the Opening Bell.

    Noted bitcoin bull Michael Saylor said that 2021 is the "year of institutional investment" in cryptocurrency in an interview with Ran Neuner, the former host of CNBC's "Crypto Trader," on Tuesday.

    With fiat currencies depreciating, Saylor said, "the simple most value-creating thing" companies can do is convert cash from "analog money into a digital asset like bitcoin."

    According to the bitcoin evangelist, there were "1,000 companies" that "went through this transformation" in 2020 alone.

    Saylor,...

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