MicroStrategy will use Bitcoin to pay independent directors' salaries. The company holds more than 90,000 Bitcoins.

On April 12, MicroStrategy stated in a document that the remuneration of the company's four independent directors will be based on US dollars and will be converted into equivalent Bitcoin during the payment period. This move is MicroStrategy's recognition of Bitcoin because Bitcoin has the ability to serve as a means of storing value.

The company's CEO Michael Saylor is one of the most supportive corporate executives of Bitcoin, saying that any company should include Bitcoin on its balance sheet.

Since its low point in March last year, the company's stock price has risen eightfold, while Bitcoin has risen 15 times during the same period.

As of press time, MicroStrategy holds a total of 91,579 bitcoins. Calculated at $60,000 per bitcoin, the market value of the bitcoins held by MicroStrategy reaches $5.5 billion, close to the company's market value of $6.9 billion.

As the market value of Bitcoin reaches 1 trillion US dollars, the volatility has dropped to the same level as stocks, attracting more and more large institutions and wealthy people to enter the market. In addition to WeCare, companies such as Meitu and Tesla have successively invested in Bitcoin, and large institutions such as Goldman Sachs, Morgan Stanley, and BlackRock have also entered the market.

Bitcoin's application scenarios are becoming more and more extensive. PayPal, Bank of New York Mellon, Tesla and others have announced support for Bitcoin payments. Canada has launched two Bitcoin ETFs, and the U.S. Securities and Exchange Commission (SEC) is also reviewing related applications. Coinbase, the largest digital currency exchange in the United States, will be listed on April 14, and supporters call it a milestone event in the cryptocurrency industry.

In the competition with gold, Bitcoin is also in an advantageous position. Since the beginning of this year, Bitcoin has risen by more than 100%, while the price of New York gold futures has fallen by 17% since its peak in August last year.

Although investment banks and wealthy people are flocking to Bitcoin, the sword of regulation is still hanging over Bitcoin. US Treasury Secretary Yellen said that Bitcoin is an "extremely inefficient and highly speculative" asset; European Central Bank President Lagarde also said that she does not think Bitcoin is a real currency, and central banks will not hold it as a reserve currency anytime soon.