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Microstrategy CEO Discusses Bitcoin Becoming $100 Trillion Possession Class– States BTC Will Grow 100X


Microstrategy CEO Talks About Bitcoin Becoming $100 Trillion Possession Class– Says BTC Will Grow 100X

< img width=" 1280 "height=" 720 "src= "http://investincryptocoins.com/wp-content/uploads/2021/11/lOZYym.jpg" class=" story __ img article __ poster" alt=" Microstrategy CEO Discusses Bitcoin Becoming$ 100 Trillion Asset Class-- Says BTC Will Grow 100X "loading=" lazy" > The CEO of Microstrategy states that bitcoin will become a$ 100 trillion asset class and will grow 100X from where it is today. He said the cryptocurrency is winning against gold as a store of value and he is not stressed over regulation.”

I’m not at all bothered with the guidelines that’s going

on right now.”‘ Bitcoin Is Winning, Gold Is Losing’ as Shop of Value Microstrategy CEO Michael Saylor discussed the future outlook for bitcoin in an interview with CNBC Friday. He discussed the institutional adoption of bitcoin, crypto guideline, market volatility, gold versus bitcoin, and BTC as the world’s dominant digital possession and safe-haven financial investment.

His company currently hodls 114,042 BTC. He was asked whether he is going to keep stacking bitcoin at the current rate or wait on a further pullback. He responded: “We are going to keep stacking forever.”

On the topic of bitcoin vs. gold, Saylor was asked whether he thinks “bitcoin has actually replaced, or will replace, or is in the procedure of changing gold as the shop of value for the majority of investors.” Keeping in mind the benefits of bitcoin over gold, such as the ease of transfer the low storage cost, he said:

It’s quite clear that bitcoin is winning, gold is losing … and it’s going to continue … It’s quite clear digital gold is going to replace gold this years.

Relating to policy, including the controversial crypto arrangement in the $1 trillion infrastructure costs, Saylor said, “I’m not troubled with the guidelines that’s going on right now.”

He discussed, “The safe house for organizations is to utilize bitcoin as a store of worth,” emphasizing that “Bitcoin is the only ethical, technical, and legal safe haven in the entire crypto community.”

The pro-bitcoin Microstrategy boss kept in mind that the crypto policy that is being discussed in Washington will “have an effect on security tokens, defi [decentralized financing] exchanges, crypto exchanges, all the other usage cases of crypto that are not bitcoin.”

‘ Unstoppable’– Bitcoin to End Up Being $100 Trillion Asset Class, a 100X Boost

Saylor was also asked what he anticipates in terms of a practical cost target for bitcoin and whether he sees BTC being worth $1 million a coin someday. He responded that if bitcoin doubles every year, then:

At the end of the years it will have flipped gold, and then it will turn monetary indexes, a little bit of bonds, a bit of property, a bit of equity, and emerge as a $100 trillion property class. So, 100X of where it is right now.

He continued: “When we arrive, it will be 5% to 7% of the worldwide economy. The U.S. dollar will probably replace 150 currencies. Perhaps there will only be 2 to 3 left. There may be the euro, the CNY, and the dollar. Everything else is most likely going to vanish. And after that bitcoin will be the world’s monetary index. If you simply wish to keep your money, and you don’t wish to reveal a credit sentiment, or an equity belief, or some home or genuine estate sentiment.”

Lastly, Saylor was asked how nations will react to the scenario he described and whether bitcoin is unstoppable or whether specifying he explained will depend upon federal governments. He affirmed:

I believe bitcoin is unstoppable as digital residential or commercial property.

He continued to describe that there will be three classes of countries. The communist countries, such as North Korea, “will not offer you home rights” and “will not let you own anything,” he explained, including that “They will probably prohibit it.”

The second classification consists of countries with weak currencies. They “will have capital controls. They will let you own it but they do not want you to exchange it or trade it,” Saylor kept in mind. He then mentioned: “It’s not prohibited to own bitcoin in China. They simply don’t want you to move billions of dollars out of their economy.”

The 3rd category consists of western nations that have strong currencies, like the U.S. dollar. “Of course, it’s going to be deemed home,” Saylor said. “You will pay capital gains tax when you offer it.”

Tags in this story
bitcoin 100x, bitcoin possession class, bitcoin flipped gold, bitcoin organizations, Bitcoin Price, Bitcoin policy, bitcoin changing gold, bitcoin store of value, bitcoin trillion, Bitcoin vs gold, Policy, Regulators, trillion dollar possession

Do you concur with Michael Saylor? Let us know in the remarks area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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In Case You Missed It Published at Sun, 21 Nov 2021 00:30:49 +0000


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