The CEO of MicroStrategy recently spoke on Bitcoin. And the least we can say is that Michael Saylor is still as much a supporter of Bitcoin! So for him, Bitcoin cannot be stopped and its price should be multiplied by 100. In addition, he says that Bitcoin is on the way to winning the battle against gold as a store of value.
Have you been watching Bitcoin’s price desperately for the past few days impatiently awaiting the recovery? In this case, you will be interested in the statements of the CEO of MicroStrategy. Michael Saylor is never stingy when it comes to defending Bitcoin. Good thing, he just spoke again.
“Bitcoin is gaining, gold is losing” as a store of value
Friday, November 19, 2021, Michael Saylor spoke on CNBC. As a reminder, his company currently has 114,042 bitcoins ! Asked about Bitcoin and its future, Saylor was very confident. For him, Bitcoin is on the way to establishing itself as a store of value, sector until now dominated by gold.
“It’s very clear that Bitcoin is on the way to winning, gold is about to lose… and it will continue. It is clear that digital gold will replace gold in this decade. »Michael Saylor, CEO of MicroStrategy
He also spoke of upcoming crypto regulations and said to himself “not worried at the moment”. For him, these regulations will mainly impact exchanges and DeFi but not Bitcoin itself.
The price of Bitcoin multiplied by 100?
But what does Michael Saylor think of Bitcoin’s price? For him, the future of Bitcoin is bullish, to say the least! Thus, he envisions that Bitcoin could become a $ 100 trillion (trillion) dollar asset class. Bitcoin has a capitalization of around $ 1 trillion right now. In Michael Saylor’s screenplay, then, this means that he sees a Bitcoin price multiplied by 100 !
“When we get there [i.e. capitalisation du Bitcoin à 100 billions], he [le Bitcoin] will represent between 5 to 7% of the world economy. The US dollar will likely replace 150 currencies. Maybe there will only be 2 to 3. There could be the euro, the yuan and the dollar. Everything else will probably go away. And then Bitcoin will become the world monetary index. »Michael Saylor, CEO of MicroStrategy
But Michael Saylor shared his vision for the monetary future and it’s very interesting… So he thinks that on a global scale the number of currencies will decrease to sum up that only the dollar, Yuan and euro. In this context, he believes that Bitcoin will play the role of a “global monetary index”.
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