MicroStrategy CEO Michael Saylor again expressed his confidence in Bitcoin during an 84-minute interview on Robin Seyr's podcast.
During the interview, Saylor spoke at length about Bitcoin's economic and socially transformative potential, highlighting the virtues of the cryptocurrency and blockchain network and making several predictions about its promising future.
According to Saylor, one of the reasons why his business intelligence company, MicroStrategy, has become the largest institutional investor in Bitcoin and also a company focused on open source software development, is its firm belief that it is the money of the future. Saylor equated Bitcoin as the perfect money that will lead companies and their investors to empowerment and economic immortality.
To illustrate his perception, the American businessman highlighted that Bitcoin is a unique creation where science collides with economics. Its many virtues and advantages can help companies “stretch” and multiply their economic vitality by a factor of up to a million, according to his judgment.
Saylor said that the economic vitality of traditional companies averages 10 years, but that Bitcoin can help these companies improve their position and increase their life expectancy in the financial world.
Bitcoin brought a paradigm shift in the economy
Just as the telescope was a momentous change for astronomy, Bitcoin is introducing A new paradigm for the global economy, Saylor said. The entrepreneur highlighted that cryptocurrency has become an instrument that is integrating the scientific method into the economic system, which is why it is causing profound transformative changes in current models and society.
During the Bitcoin developer and advocate's podcast, Saylor also argued that education is a key factor in ensuring mass adoption of cryptocurrency and blockchain technology. He emphasized the importance of spreading the potential and advantages of BTC with love and explaining in detail how these can contribute to the benefit of everyone.
Michael Saylor makes a rather bullish Bitcoin price prediction
On the side of predictions about the promising future of Bitcoin, Saylor bet big for the cryptocurrency, indicating that its price could reach $10 million dollars at some point in the future. According to Saylor, this could be possible thanks to the participation of large companies and governments, as well as the constant development and evolution of the blockchain network and the growth of its user community.
MicroStrategy’s president anticipates that the world’s largest banks and companies, including Apple, will participate in the Bitcoin market at some point in the future and that governments such as China, the world’s second-largest economy, which maintains strong restrictions on crypto-asset transactions at present, will also potentially embrace BTC.
Meanwhile, MicroStrategy continues to increase its Bitcoin holdings. Last week, the company added another 11.931 BTC, for an investment of $786 million.
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