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MicroStrategy CEO Michael Saylor talked about why bitcoin is the very best retailer of worth in a brand new interview, quickly after vowing to stay with shopping for the digital asset even because it comes below stress.
“There’s a $500 trillion financial planet and the outer layer is forex, then you definately’ve received shares, bonds, actual property. There’s $10 trillion value of gold in there, $1 trillion of bitcoin in there. Bitcoin goes to flip gold, and it’s going to subsume all the gold market cap…
“Then it’s going to subsume negative-yielding sovereign debt and different financial indexes till it grows to $100 trillion. As soon as it will get to $10 trillion, its volatility will likely be dramatically much less,” Saylor stated. “Because it marches towards $100 trillion, you’re going to see the expansion charges fall, the volatility fall, and it’s going to be a stabilizing affect in all the monetary system of the twenty first century.”
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🔴 DISCLAIMER: That is NOT monetary recommendation. That is an leisure and opinion-based present. I’m not a monetary adviser. I’m not accountable for any funding choices that you simply select to make. At all times do your personal analysis and by no means make investments what you can’t afford to lose.
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