MicroStrategy CEO Michael Saylor recently spoke out about the importance of crypto in the future. He thinks fiat currency will be a disaster in the next 8-10 years and the company at that time will convert cash into Bitcoin.
MicroStrategy became the focus of the crypto world when the company bought Bitcoin on a large scale last August. Its founder, Michael Saylor is also known as a staunch supporter of cryptocurrencies.
In his interview with CNN to discuss the steps taken by Tesla, he stated that the matter was something that had been expected. Pandemics have changed the way society views the world. The Central Bank began printing more fiat money and the company was increasingly losing purchasing power. As a result, some companies have converted some of their underperforming assets to bitcoin.
In addition, MicroStrategy recently also set up an in-company education panel to educate employees on the potential that Bitcoin has to offer and why they should convert cash savings to Bitcoin.
Bitcoin is now the largest cryptocurrency asset in the world now more valuable than the giant companies Facebook and Tesla. The Bitcoin market total surpassed $ 870 billion on Tuesday after jumping 20% driven by Tesla's investment into $ 1.5 billion in cryptocurrencies.
