Monday, May 27, 2024

Michael Saylor: Bitcoin is ‘succeeding… avoid the tendency to F with it’

 “Bitcoin has gotten too mature… has become too powerful to be threatened by another crypto,” Saylor says. “I think this is going to be a case of a rising tide is going to lift all boats.”



"optimist” on the latest episode of Peter McCormack’s YouTube show, “What Bitcoin Did.”


Saylor also, bluntly, cautioned against any actions that could impede the flagship cryptocurrency’s progress.


“Bitcoin is going to succeed,” Saylor said. “It’s succeeding as fast as it could reasonably succeed and we ought to try to avoid the tendency to F with it.”


He also remains convinced that Bitcoin can solve global economic challenges. It’s sound money due to its capped supply, he says, contrasting it with conventional currencies susceptible to government-driven inflation.



The 59-year-old billionaire, who reportedly owns more than 17,000 Bitcoin, posited that the cryptocurrency stands at the precipice of widespread acceptance by nation-states, financial institutions, and institutional investors.


Whether another digital asset can surpass it is highly unlikely, according to Saylor.

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