Michael Saylor, the CEO of MicroStrategy, a NASDAQ-listed enterprise intelligence agency; and a vocal advocate of bitcoin (BTC), in a current YouTube interview, shared his ideas on the coin and its prospects.
Bitcoin is the long run
Saylor stated bitcoin is probably the most disruptive expertise of our time, and it has the potential to essentially change the way in which folks take into consideration cash and finance. He believes that bitcoin is superior to gold and a greater worth retailer.
“Gold has been the shop of worth for the final 5,000 years, however it’s not the very best retailer of worth anymore. Bitcoin is digital gold, and it’s higher than bodily gold as a result of it’s extra moveable, divisible, and safe.”
MicroStrategy CEO, Michael Saylor
Furthermore, Saylor believes bitcoin’s underlying blockchain expertise can be utilized for numerous functions, together with sensible contracts, decentralized finance (DeFi), and even discover utility in voting methods.
For that reason, he confidently believes bitcoin is the inspiration of a brand new monetary system that can be “extra clear, safe, and environment friendly” than the present system.
The Microstrategy CEO firmly believes in bitcoin and its potential to rework the monetary trade, as he believes and advocates that bitcoin is the way forward for cash.
Michael Saylor: you may’t print bitcoin
Saylor additionally believes that bitcoin will ultimately grow to be the world’s reserve foreign money. In his view, BTC is the one inflation-proof asset on this planet.
“It has a set provide of 21 million cash, and nobody can create extra.”
MicroStrategy CEO, Michael Saylor
He argues that the present fiat foreign money system is flawed as a result of central banks can print as a lot cash as they need. Subsequently, this drives inflation larger, devaluing currencies. He, nonetheless, believes that in the long term, folks will notice that BTC is the one asset resistant to inflation.
Regardless of the current volatility within the cryptocurrency markets, Saylor stays bullish on bitcoin as he says, “volatility is a characteristic, not a bug.”
“Bitcoin is a brand new asset class, and it’s nonetheless in its early levels of improvement. Volatility is an indication of a wholesome market and creates alternatives for traders.”
MicroStrategy CEO, Michael Saylor
He encourages folks to assume long-term about investing in bitcoin. He sees a vibrant future for the coin past simply being a retailer of worth. It’s particularly contemplating the present financial institution disaster in america characterised by the collapse in share costs of main regional banks prior to now few weeks.