The post Why He Believes Trillions Will Soon Flow into the Bitcoin Network appeared on BitcoinEthereumNews.com.

Michael Saylor says that trillions of dollars will flow into Bitcoin as the world transitions to an arms race to control cyberspace. Saylor added that “Bitcoin is the solution to everybody’s problems,” from individual investors to corporations and governments. Michael Saylor, the eccentric yet controversial co-founder of Microstrategy, expects trillions of dollars to flow into the Bitcoin network in the next few years. In an interview with FOX Business, Saylor discussed the future of BTC, the current volatility, looming regulations from both the sceptics and the supporters and his vast Bitcoin fortunes. JUST IN: Michael Saylor on FOX Business spreading the sound money gospel of #Bitcoin “Go buy the Bitcoin and wait because hundreds of trillions of dollars of capital from all around the world are going to flow into cyberspace to the Bitcoin network.” pic.twitter.com/IUH3NyjM3j — Simply Bitcoin (@SimplyBitcoinTV) August 8, 2024 On the top crypto’s volatility, which critics often take aim at, Saylor says it’s a feature, not a bug. Bitcoin is volatile, but volatility is a signal of high energy. Rivers, waterfalls, fires and windstorms are volatile. They just contain energy that we can harness. The Friday interview came just two days after he had appeared on Bloomberg to discuss his vast personal Bitcoin fortune. As we reported, Saylor revealed that the 17,000+ BTC he revealed he owned four years ago is still in his possession and that he has been accumulating more since then. This translates to him having over $1 billion in BTC fortunes. This would mean that the only individuals who have been publicly revealed to own more BTC than him are Satoshi Nakamoto, Binance founder Changpeng “CZ” Zhao and the Winklevoss twins. Saylor: Bitcoin Is the Solution to Everybody’s Problem When Bitcoin recently dipped below $50,000 for the first time since February, critics…

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Filed under: News - @ August 12, 2024 1:08 am