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- MicroStrategy Co-Founder, Michael Saylor, shared his belief over the most traded cryptocurrency, Bitcoin.
- He stated Bitcoin is quite better than Gold.
Gold may collect more trust and be one of the saviors for many of the investors, but in today’s world digital assets are also collecting people’s trust for investment purposes.
The big name that came out from the digital asset supporter is Michael Saylor, who owns a Business Intelligence Firm, MicroStrategy. From the starting of this year, Bitcoin hasn’t performed up to the mark but still got the support from Saylor. He strongly believes that digital assets will regain its former glory. Also, digital assets can surely mark a new high in the near future.
Bitcoin is Digital Gold: Saylor
MicroStrategy currently holds $130,000 BTC in its vault that is worth around $4 Billion of the crypto. On September 21, 2022 during the Money Festival hosted by MarketWatch, Saylor discussed “I think that the next logical stop for Bitcoin is to replace gold as a non-sovereign store of value asset and gold as a $10 trillion asset as we speak. Bitcoin is digital gold, it’s 100x better than gold.”
Saylor further mentioned that “The half-life of money in crypto is forever. You can move it on billions of computers at the speed of light. So if Bitcoin goes to the value of the yellow metal, it’s going to $500,000 per coin, and I think that will happen this decade.” As per the news source, Saylor owns nearly 17,732 Bitcoin worth $9,500.
On September 25, 2022 in his recent Tweet Saylor mentioned “Bitcoin is Life.”
Source: Bitcoin to USD Chart, CoinMarketCap
According to CoinMarketCap, Bitcoin showed a drastic drop in its price across the year. The above chart shows Bitcoin price performance of this year. While at present, the most traded cryptocurrency is trading at a price of $19,183.53 USD with 0.55% increase in the last 24 hours.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
