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- BTC has grown by 700% in value in the last 15 months
- Bitcoin has more onset dominance than the early days of most stocks like Facebook, Google, Apple, or Amazon
- Bitcoin is the most significant customer for renewable energy in the history of the world
Michael Saylor, the CEO of MicroStrategy, says that Bitcoin is sound money for all. Everyone gets to participate in it, which means buy and sell it. He added that bitcoin rules, but it doesn’t have any rulers.
Bitcoin is a Powerful and Disruptive Financial Asset
In a recent interview with CNN, he explained why he thinks that bitcoin is a revolutionary asset. He has always believed that bitcoin is the most powerful and disruptive technology of all time. He suggested that cryptocurrency may enhance the health and prosperity of both the US and the entire world. Back in February 2021, the CEO hosted a “Bitcoin for Corporations” conference. The main aim of the meeting was to explain the benefit of Bitcoin for their portfolios to other corporate executives.
The Formation of the Bitcoin Mining Council to Propagate Bitcoin Sustainability
In the interview hosted by Julia Chatterley, Saylor talked about BTC maturity. In the last 15 months, BTC, the class asset, has grown by 700%. He also spoke about the Bitcoin Mining Council. A few days ago, Saylor announced that a conference was held with Tesla’s Elon Musk and bitcoin miners from all over the world. This led to the foundation of the Bitcoin Mining Council, which will now promote sustainable bitcoin mining. Saylor further added that Bitcoin has more onset dominance than most stocks like Facebook, Google, Apple, or Amazon.
A few days ago, China reiterated its ban on cryptocurrency payment. Previously, in 2013 and 2017, China has imposed similar restrictions on crypto payments. Saylor says that China is doing this to keep a check on its environmental policies. Iran, on the other hand, has temporarily banned crypto mining. In the wake of this, Saylor says that Iran wants to shut down illegal mining activities. He says that Bitcoin is the most outstanding customer for renewable energy in the history of the world.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
