Michael Saylor Explains Bitcoin Only Truly Global Capital Market
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Michael Saylor emphasized that Bitcoin is the only truly global capital market, operating even when all other markets are closed. Bitcoin is recovering from its recent losses earlier this week. Michael Saylor, executive chairman of MicroStrategy, shared his thoughts on Market Domination about the cryptocurrency’s recent movement and his bullish outlook. Saylor emphasized that Bitcoin is the only truly global capital market, operating even when all other markets are closed. He explained that its volatility is a necessary trade-off for creating instant global liquidity and credit availability. According to him, Bitcoin’s performance last week demonstrated its efficient functioning, which is crucial to its success. Despite Bitcoin’s recent dip, Saylor views the volatility as a sign of strong energy. He believes that the future is digital, and there is a race to dominate cyberspace. In his opinion, empires are built and defended by various forms of power, including digital power. Saylor sees Bitcoin as a representation of digital power and ownership of cyberspace, making it a valuable investment. He highlighted that Bitcoin has appreciated 55% annually over the past four years, compared to the S&P 500’s 13% appreciation and a 5% depreciation in bonds. Saylor also mentioned that MicroStrategy is continuously buying Bitcoin, regardless of market conditions. He expects Bitcoin to keep appreciating as a form of digital capital, reinforcing his belief in its long-term potential. Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. Source: https://bitcoinworld.co.in/michael-saylor-explains-that-bitcoin-is-the-only-truly-global-capital-market/
Filed under: News - @ August 11, 2024 2:10 pm