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Michael Saylor, America-based business intelligence giant Microstrategy’s co-founder and executive chairman, recently discussed how bitcoin (BTC) can perform in the upcoming 8 years.
As on January 8, 2023, Saylor displayed his conviction in an interview with CEO and founder of Swan Bitcoin on YouTube, that bitcoin will emerge as a standard of store of value worldwide by 2031.
According to Bitcoin WHALE Saylor, institutional adoption may be the first one to encourage crypto in every corner around the world as a standard for store of value in the time ahead. The long-back bitcoin supporter that it can be accomplished with the help of the Securities and Exchange Commission (SEC), the U.S. States Commodity Futures Trading Commission (CFTC) and other major financial watchdogs.
Destiny of the crypto-King
Saylor previously remarked that bitcoin is unique, due to its characteristics such as commodity status, decentralization and “Immaculate Conception,” making it the only king of the crypt-hill. “I’m a bitcoin maximalist, I happen to believe that bitcoin is an instrument of economic empowerment, it’ll be beneficial to eight billion people,” he said in an interview with Forbes in August 2022.
According to CoinGecko, Microstrategy’s total Bitcoin holdings in late-2022 were reported 132,500 BTC (worth $2.74 billion) at current price of $20,725.1. Saylor was nicknamed as ‘GigaChad’ by the crypto community for his credible role, as an “established person” to adopt bitcoin massively, told the host Shaan Puri of My First Million podcast in March 2021.
Saylor brings history back in his words “I just describe this as in 1991, you had TCP IP, and we had the internet, but not many people used it. In 1994, you had the Netscape browser, and now that was the killer app for the internet, and pretty soon you had 100 million people download that browser and it caught fire.”
He explained the potential of Lightning Network, which is a layer-2 solution centered to make transactions speedier and cost-effectively. Creating Lightning Wallets that will be used to transfer digital dollars, swap other native currency and BTC will attract more users and eventually upsurge it’s future demand.
In November 2022, bitcoin evangelist Saylor noted that the FTX crash will accelerate more crypto regulatory interventions. He also talked about the former crypto billionaire: “I mean, in fact, in a sense, SBF is like the Jordan Belfort of the crypto era. Instead of ‘The Wolf of Wall Street,’ they’ll make a movie called ‘The King of Crypto.”
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
