NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Michael Saylor’s Bitcoin Prophecy: The ‘Freedom Virus’ for a New Financial System

Published 05/31/2024, 08:00 PM
Updated 05/31/2024, 08:45 PM
© Reuters.  Michael Saylor’s Bitcoin Prophecy: The ‘Freedom Virus’ for a New Financial System
BTC/USD
-

  • Michael Saylor described Bitcoin as an ideal treasury asset.
  • According to Saylor, the technology behind Bitcoin enables a shift in the balance of power.
  • Saylor considers Bitcoin a monetary virus that can give sound money to the world.

Former MicroStrategy CEO Michael Saylor hailed Bitcoin as the ideal treasury asset, calling it the solution for every corporation, investor, family, and individual. Saylor made the statement during a recent interview with Peter McCormack, host of the “What Bitcoin Did” YouTube channel.

The renowned Bitcoin maximalist touched on several aspects of Bitcoin, including how the emerging digital money is accelerating fiat decay and leading to a stealth revolution in the global financial system. According to Saylor, the flagship cryptocurrency is a technology for human empowerment.

Notably, Saylor highlighted how the technology behind Bitcoin shifts the balance of power away from corporations and central entities, returning it to the hands of individuals. The Bitcoin investor confirmed to McCormack that he embraces Bitcoin not just as an asset but also as a technology, noting that understanding the technology leads to the Bitcoin id…

The post Michael Saylor’s Bitcoin Prophecy: The ‘Freedom Virus’ for a New Financial System appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.