Bitcoin Statement from MicroStrategy CEO!
Bitcoin statement came from MicroStrategy CEO. Michael Saylor expects Bitcoin to triple in value annually.
Michael Saylor, founder and CEO of MicroStrategy, the world’s leading publicly traded business intelligence company, announced that he expects the price of Bitcoin (BTC) to triple on an annual basis until other valuable assets are demonized.
“Bitcoin Will Continue To Grow”
In an interview with Daniela Cambone at Stansberry Research, Michael Saylor stated that Bitcoin (BTC) will continue to grow, and thanks to loose monetary policies, there is monetary energy that will likely continue to attract hundreds of trillion dollars in value.
Saylor used the following statements:
“In the environment of monetary expansion, where I have increased the monetary inflation rate by 15 percent, this $ 300 trillion needs to find a store of value that is not fiat derivative. This means that Bitcoin will continue to grow and its monetary power will continue to grow. Also, gold, silver, government debt. This also means that it will likely grow 200 percent a year until it demonizes bond indices, stock indices, every monetary energy source.
In this case, I can’t really see an end. I think that in the next decade it will increase at a fairly proportional rate to what it has done in the last decade.”
“The Gold Should Have Won But It Didn’t Happen”
Saylor pointed out that the gold should win this year, saying:
“Bitcoin has increased 300 percent in the last 12 months and gold has increased 15 percent. If you want a year of political instability combined with a year of political instability coupled with a year that gold should perform, this is the best year I can remember in my life. Maybe you were experiencing that in the 70s, but in the last 20 or 30 years, this environment was the year gold should have won, but it didn’t happen. “
In addition, Saylor points out the features that make Bitcoin a better store of value than gold and real estate, saying:
“Now, why is Bitcoin the better feature? Because it is pure monetary ownership in cyberspace. It has no weight. So I can move it at lightning speed. There is no jurisdiction. Gold has to enter a safe in Manhattan or London, and some banks, some counterparties and some governments have some control.I can’t move a billion dollars of gold with my head from one side of the planet to the other in a few seconds.
If you have a hundred million dollars and bought land in California, the California governor has some power over the value of the land. The state can damage the property… With Bitcoin, the government cannot damage the property so easily. The laws of physics do not harm existence, and software engineering enhances existence.”