MicroStrategy CEO Reacted to Those Who Underestimate Bitcoin

Michael Saylor, CEO of MicroStrategy, who attracted attention with his bitcoin purchases, reacted to the analogy of Bitcoin and MySpace.

MicroStrategy CEO reacted to those who underestimate Bitcoin. Michael Saylor, CEO of MicroStrategy, who has attracted attention with his Bitcoin purchases since August, reacted to one of the comments that dismiss Bitcoin. MicroStrategy company, which has over 90 thousand BTC, has been coming to the agenda with the Bitcoins it has received from time to time since August. Company CEO Saylor draws attention with his defense of Bitcoin, especially on social media.

He Said Bitcoin Is Like MySpace

Recently, the sluggish course of Bitcoin, which fluctuated between 59 thousand and 50 thousand dollars and caused a serious rally in altcoins, caused some contemptuous comments in a short time. Researcher Peter Atwater, who has 21 thousand followers on Twitter, compared Bitcoin to the MySpace application, which was used a lot in the internet world in the mid-2000s, albeit for a short time, but later disappeared after Facebook took over.

Micheal Saylor Reacted

Saylor, known for his defense of the leading cryptocurrency unit, quoted the tweet in question and said: "The number that MySpace has the most value is even less than 0.06 percent of the daily transaction value in Bitcoin. The market value of bitcoin has grown faster than any company in the world history. In Bitcoin, the amount of money that MySpace has reached in its lifetime is traded within a few hours. " Under Saylor's tweet, comments were made that the market values ​​of MySpace and Bitcoin were not compared, that this was not the case, and that Bitcoin was transformed into an innovation graveyard. In response to such comments, Bitcoin advocates gave the Segwit updates from 2017 and Taproot updates that are currently undergoing trials. Taproot application will make multi-signature transactions in Bitcoin cheaper, more personal and easier to process.