CEO from Microstrategy discusses that Bitcoin becomes an investment class of $ 100 trillion-says that BTC will grow 100 times-markets and prices
CEO from Microstrategy discusses that Bitcoin becomes an investment class of $ 100 trillion-says that BTC will grow 100 times-markets and prices
Bitcoin becomes an investment class of $ 100 trillion-says that BTC will grow 100 times" loading = "lazy">
the CEO of Microstrategy says that Bitcoin becomes an investment class of $ 100 trillion and will grow 100 times compared to today's status. He said the cryptocurrency profits against gold as a value -placed preservation and he is not worried about regulation. "I am not worried about the regulations that are underway."
"Bitcoin wins, loses gold" as a value preservation means
Michael Saylor, CEO of Microstrategy, spoke on Friday in an interview with CNBC about the future prospects for Bitcoin. He discussed the institutional introduction of Bitcoin, cryptor regulation, market volatility, gold compared to Bitcoin and btc dominant digital asset and as a secure system.
his company currently hodls 114.042 btc . He was asked if he would continue to stack Bitcoin at the current price or wait for another retreat. He replied: "We'll be stacking for more and more."
On the subject of Bitcoin vs. Gold, Saylor was asked whether he believes that "Bitcoin gold has replaced or will replace or is just replacing gold as value preservatives for most investors". With reference to the advantages of Bitcoin to gold, such as the simple transmission and the low storage costs, he said:
It is pretty clear that Bitcoin wins, loses gold ... and it will go on ... it is pretty clear that digital gold will replace gold this decade.
In terms of regulation, including the controversial crypto determination in the $ 1 billion infrastructure calculation, Saylor said: "I am not worried about the regulations that are currently underway."
he said: "The safe port for institutions is to use Bitcoin as a value preservation means", and emphasized that "Bitcoin is the only ethical, technical and legal port in the entire crypto ecosystem".
The Pro-Bitcoin Microstrostrategy boss found that the crypto regulation discussed in Washington will have “impact on security token, defi [Decentralized Finance] stock exchanges, crypto exchanges, all the other use cases of crypto that are not Bitcoin.”
"unstoppable" Bitcoin becomes an investment class of $ 100 trillion, a 100-fold increase
Saylor was also asked what he is expecting in terms of a realistic price target for Bitcoin and whether he sees it btc $ 1 million At some point. He replied that if Bitcoin doubles every year, then:
At the end of the decade it will have turned gold, and then it will be currency indices, a bit borrowing, a little real estate, a bit of stocks and appear as an asset class of $ 100 trillion. So 100x from where it is now.
he continued: "When we arrive there, it will be 5 to 7 % of the global economy. The US dollar is expected to replace 150 currencies. Maybe only 2 to 3. It could be the euro, the CNY and the dollar. Everything else will probably disappear. And then Bitcoin will be the worldwide currency index. want to express.
Finally, Saylor was asked how the countries will react to the scenario he described and whether Bitcoin cannot be stopped or whether it will depend on the governments to come to the point he described. He confirmed:I think Bitcoin cannot be stopped as digital property.
he continued to explain that there will be three classes of countries. The communist countries such as North Korea "give you no property rights" and "let you have nothing", he described and added that "you will probably ban it".
The second category includes countries with weak currencies. They "will have capital controls. They are up to you, but they don't want you to exchange or act," noticed Saylor. Then he pointed out: "It is not illegal to own Bitcoin in China. You just don't want you to pull billions of dollars out of your economy."
The third category includes western nations with strong currencies such as the US dollar. "Of course it is considered property," said Saylor. "You pay capital gains tax if you sell it."
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