The CEO of the world’s largest publicly traded marketing and business management firm spoke very clearly about Bitcoin! 21. The ruler of the century will indisputably be “Bitcoin”!
The most ambitious BTC comment: 21. The ruler of the century will indisputably be “Bitcoin”!
The CEO of MicroStrategy, the world’s largest publicly traded marketing and business management firm, claims that Bitcoin is not an existential threat.
In fact, according to Michael Saylor, Bitcoin As a store of value, it will definitely dominate this century!
We have started to hear the name of this company, which provides data and information on marketing and business management by examining the developments in the sector, especially since the beginning of 2021.
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In fact, MicroStrategy is just a few of the companies that have accelerated institutional participation in the crypto industry with their huge Bitcoin investments recently. However, we can say that holding a huge event in February to introduce Bitcoin to 1,400 public companies has made it a special place among institutional investors.
Arguably the strongest store of value, “Bitcoin” !
MicroStrategy’s CEO, Michael Saylor, says the biggest digital asset is not an existential threat. According to him, cryptocurrency as a store of value 21.
Michael Saylor explained his opinion on Bitcoin in a YouTube interview with Kitco News today.. He made a very optimistic prediction about the future of the digital asset. Even if states ban it in the future; i.
According to Saylor; Bitcoin, 21. It will be the most powerful cryptocurrency in the century and will lead the crypto community in the future:
“Bitcoin’s 21st Century. century, I think it will be a powerful store of value. There are 8 billion people who need strong money or a monetary asset. This asset has to be digital if they are to live a good life. “
Moreover, Saylor is not the first and biggest cryptocurrency’s competitors in US dollars; states that there are assets such as gold. And while 1% or 2% of the total capital used to be reserved for Bitcoin; He states that now much larger funds are being transferred to Bitcoin.
Also, Michael Saylor has suggested that even if governments ban BTC, it will not succeed in eliminating it as a trading platform.. And he cited Turkey as an example.. He added that Turkey’s restrictive policies towards digital assets aim to protect the economically shaken Turkish lira.
Will MicroStrategy invest in Ethereum?
Ethereum, the second largest cryptocurrency, has been making an impressive debut recently; It has also managed to attract many companies and investors.
However, Michael Saylor said that MicroStrategy does not plan to invest in ETH.. According to him, Bitcoin and Ethereum have very different structures.. Even the famous CEO finds it risky to invest in ETH.
Finally; He stated that MicroStrategy will only focus on the largest cryptocurrency.
I don’t think Ethereum is suitable for corporate treasury, and it’s not good for us either.. Our job is to buy and hod Bitcoin. I think this project will be suitable for crypto venture funds and crypto-specific technology investors.. “
Indeed, there has been a net increase in institutional demand since MicroStrategy began buying and holding large amounts of Bitcoin as its main treasury asset in the summer of 2020.
Fear of inflation. as it continues to intensify, as Saylor says; Bitcoin is becoming more attractive as a store of value and a safe-haven asset.
However, he also made some controversial claims in a youtube broadcast with Binance founder Changpeng Zhao:
“Speculative stories predominated before March. But that will not appeal to 99% of investors and money in the world. they want something different. ‘Bitcoin is the ultimate synthetic long-term reserve asset. With all the features needed to be a store of value, Bitcoin is a safe haven designed to be superior to gold.. And if it is to be passed from one to the other; this will no longer be 1% of the fund owned by the 1% of the investors. I’m talking about getting 50% of the money from all the investors in the world.. “
The famous Bitcoin bull has also pointed out a few major markets that could start pouring their money into Bitcoin if that happens, drastically increasing Bitcoin’s price and market value.
“We actually want to attract the attention of gold investors, because they do not trust fiat investment vehicles.. So there’s 10 trillion dollars here… That adds 20-50x to Bitcoin.
In the second stage, those who are interested in bonds; $17 trillion in negative yield debt. Debt with a three to zero return of around $100 trillion. Why invest in bonds and sovereign wealth funds? Because they see it as a safe haven…
So when the market gets scary, they rush to a safe haven. I think this is pretty important in the crypto industry. Bitcoin responds to this need as a long-term, safe-haven asset. That’s why they run to government debt instead of running to it.. This gives Bitcoin another 10, 20, 30x times the value.
And finally; you have a pool of big tech investors. You could argue that a lot of people use big technologies like Tesla, Apple, Amazon as a store of value.. Because they lost their trust in fiat currency. They also know they can’t invest in negative yield bonds.. Not so sure about gold either.. “
Saylor also claimed that gold is obsolete and not a major competitor for Bitcoin:
“Gold is insufficient it stays. An old store of value. The computer was the best store of value for 5000 years until it was invented… It was the best until something better came out…”