Crypto Dev Energy Migrates Big Picture to Bitcoin
MicroStrategy, the publicly traded company with the largest bitcoin holdings in the US, has been a big believer in BTC, led by its co-founder Michael Saylor.
And Saylor was interviewed on the PBD Podcast on the 10th, discussing the diverse topics of traditional currencies, cryptocurrencies, politics, banking turmoil...and more. And when discussing the recent buzz about Bitcoin NFT (Ordinals) and the new BRC-20 application, he confidently stated that Bitcoin is the most secure and valuable blockchain and that we will see more Web3 development activity moving to BTC in the future::
You're going to see cryptocurrency development energy that migrates from other cryptocurrencies to Bitcoin.
I think that's a good thing, it's inevitable...
Michael Saylor: Two Dynamics Driving Widespread Adoption of BTC
Saylor also mentioned in an interview last week that market concerns about inflation and the recent banking crisis will further drive wider adoption of bitcoin.
First: With severe inflation, people will lose confidence in fiat currencies, and the public will realize the value of bitcoin.
Second point: The recent banking crises in Europe and the United States, including the collapse of Silvergate Bank, Signature Bank, Silicon Valley Bank, and earlier this week First Republic Bank, have undermined investor confidence in the traditional banking system, and Saylor believes cryptocurrencies can provide a better solution.
Read more: U.S. banks explode in a row! PACW, WAL fall 28% after multiple meltdowns, sell-offs lead four major indices down
Saylor also mentioned that the company has held a total of 140,000 bitcoins over the past 2.5 years, and although BTC once fell to $16,000 and faced a huge book loss, he still has faith in bitcoin and is not afraid of volatility, and said that shareholders and creditors alike are on the same side as MicroStrategy.
And Saylor was interviewed on the PBD Podcast on the 10th, discussing the diverse topics of traditional currencies, cryptocurrencies, politics, banking turmoil...and more. And when discussing the recent buzz about Bitcoin NFT (Ordinals) and the new BRC-20 application, he confidently stated that Bitcoin is the most secure and valuable blockchain and that we will see more Web3 development activity moving to BTC in the future::
You're going to see cryptocurrency development energy that migrates from other cryptocurrencies to Bitcoin.
I think that's a good thing, it's inevitable...
Michael Saylor: Two Dynamics Driving Widespread Adoption of BTC
Saylor also mentioned in an interview last week that market concerns about inflation and the recent banking crisis will further drive wider adoption of bitcoin.
First: With severe inflation, people will lose confidence in fiat currencies, and the public will realize the value of bitcoin.
Second point: The recent banking crises in Europe and the United States, including the collapse of Silvergate Bank, Signature Bank, Silicon Valley Bank, and earlier this week First Republic Bank, have undermined investor confidence in the traditional banking system, and Saylor believes cryptocurrencies can provide a better solution.
Read more: U.S. banks explode in a row! PACW, WAL fall 28% after multiple meltdowns, sell-offs lead four major indices down
Saylor also mentioned that the company has held a total of 140,000 bitcoins over the past 2.5 years, and although BTC once fell to $16,000 and faced a huge book loss, he still has faith in bitcoin and is not afraid of volatility, and said that shareholders and creditors alike are on the same side as MicroStrategy.
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