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Michael Saylor: Bitcoin will be bigger than the biggest companies in the world

Bitcoin predictions from MicroStrategy CEO: Bitcoin is currently the best safe haven asset in the world

In a new interview on CNBC’s Fast Money, MicroStrategy CEO Michael Saylor states that Bitcoin is far superior to gold and is currently the best safe haven asset in the world. Michael Saylor adds the following to his comments on the subject:

”The story here stems from the rapid expansion of central banks’ monetary supply, the capital cost tripled from 5% to 15% last year. Looking at the next four years, bond coupons and aps growth rates will have to overcome this barrier to protect wealth. We had $ 500 million in cash, but we knew we would get another $ 500 million in cash, and we realized that if we keep it in cash, it will fall in value by 10%, 5% a year, and I don’t want to lose half. So what’s not very well understood is that bitcoin is currently the best safe haven asset in the world and is designed to be superior to gold in every way. That being the case, most people understand the asset story of bitcoin. It has increased 100% each year for roughly the last ten years. What we do not understand is that the bitcoin is a monetary network and, as a monetary network, can store and channel energy without losing power over time. This idea really excited us and we saw it as a solution to the store of value problem. Not only for the $ 300 trillion of capital in the world, but for the 7.5 billion people on the planet…”

MicroStrategy Founder, Chairman & CEO

Michael Saylor: Bitcoin will be bigger than the biggest companies in the world

Michael Saylor says classic concerns about BTC are exaggerated and its volatility will decrease over time. Michael Saylor says it takes time for investors to really understand BTC’s value proposition. But in the long run, the famous CEO thinks Bitcoin will be bigger than the biggest companies in the world, including Apple, Amazon and Facebook. Michael Saylor adds the following to his comments on the subject:

”Traditional concerns with Bitcoin are that it may have been hacked. May be copied, banned. However, after ten years it was not attacked. Kmse did not copy it. It will not prohibit. Therefore, although people may view it as volatile, maybe it was volatile in the first decade … The next decade seems to be not so volatile. In fact, it seems to emerge as the primary treasury reserve asset for people looking for a way to avoid massive monetary inflation… I think as investors begin to understand the bitcoin story, they will move their capital to the bitcoin network, and this will create a virtuous adoption cycle. This will be followed by price appreciation, followed by value increase, followed by technology innovation. You see Square and Paypal. Google and Apple will soon. This will lead to greater adoption, and that means you really want to connect your company to the bitcoin money tie. Probably BTC is the biggest thing that has happened in the last decade. Faang (Facebook, Amazon, Apple, Netflix, Google) will be bigger than its shares. It will be bigger than Apple, Amazon, Facebook and social networks. And it’s the ideal time to invest in this, because 99% of investors don’t understand what I just said… With $ 150 billion of monetary energy in its network, Bitcoin doesn’t exist at this point.”

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