MicroStrategy CEO didn’t believe Bitcoin would be a currency, but now he says it is “one of the most important innovations in human history.”
The former u.s. treasury secretary mnuchin says his view on bitcoin has evolved is a quote from former U.S. Treasury Secretary Steven Mnuchin, who said that he doesn’t believe Bitcoin will be the currency of the future because it’s too volatile and not widely accepted.
News about Bitcoin
- The CEO of MicroStrategy did not think Bitcoin would become a currency.
- Bitcoin, he believes, is more akin to digital property than money.
- MicroStrategy is still buying bitcoins and hasn’t sold any.
Michael J. Saylor, Co-founder, Chairman, and CEO of MicroStrategy, a Nasdaq-listed business analytics firm, does not think Bitcoin (BTC) will be recognized as a currency.
He also stated why he considers Bitcoin to be more akin to digital property than money. On July 15, he was interviewed by Natalie Burnell of the Coin Stories podcast. When asked whether he believed Bitcoin was a danger to the US currency, Michael Saylor said, “I would term it digital property; it’s a threat to property in general, especially other kinds of property.” Property is gold, and property is real estate.”
He also added,
“I don’t believe real estate, buildings, businesses, or gold pose a danger to the US government.”
As a result, Michael Saylor’s latest remark on Bitcoin occurred during an interview with Scott Melker’s “The Wolf of All Streets” about crypto analyst and trader Scott Melker. He said that he does not believe Bitcoin will ever become a currency in the United States. Or should I give it some thought?
MicroStrategy also stated in August of last year that it has bought 21,454 Bitcoins (BTC) worth $250 million using main treasury reserve assets. MicroStrategy has also continued to purchase Bitcoin and has not sold any of the Bitcoin it has acquired since last summer.
Even if Bitcoin (BTC) collapses in a short period of time, Saylor said Burnell. MicroStrategy has no plans to sell and is prepared for potential volatility.
In the future, if the price of Bitcoin was lower than it is now in four years, the CEO of MicroStrategy would notice it even more. He’d have to rethink his approach.
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The microstrategy saylor bitcoin is a blog post from the CEO of MicroStrategy, which was published on October 26th. In the post, he discusses his belief that Bitcoin will not be a currency in the future.