Michael Saylor: Bitcoin is the main means of saving in the 21st century - Kakiforex.com - Financial Market Media No. 1 in the World Michael Saylor: Bitcoin is the main means of saving in the 21st century Michael Saylor: Bitcoin is the main means of saving in the 21st century

May 13, 2021

Michael Saylor: Bitcoin is the main means of saving in the 21st century

 Bitcoin quotes continue to hover around the $ 60,000 mark per coin. More crypto experts are beginning to believe that it is time for a new round of strong correction, which can take the cryptocurrency below the $ 50,000 level. The head of Microstrategy, Michael Saylor, called bitcoin a "destructive technology" and predicted its multiple growths in value. The head of the company, which is engaged in the development of analytical software, still devotes much more time to bitcoin. Recall that Microstrategy is the company that owns the largest number of bitcoin coins (more than 91,000). Michael Saylor believes that bitcoin will become the main means of saving in the 21st century. According to the CEO, humanity needs strong digital assets. "Bitcoin is the fastest growing and most destructive force in the world. In 12 years, it has grown from 0 to $ 1 trillion (by capitalization). It is the most disruptive technology in your life, more disruptive than Amazon, Apple, Facebook, and Google," Saylor said. Thus, the hit parade of crazy forecasts from large bitcoin owners continues. We remind you that any major investor is interested in the asset continuing to grow.


Bitcoin can grow if there is a new influx of investments and investors. Its rate is not tied to anything other than the faith of investors and traders in it. Simply put, any cryptocurrency rises or falls in price only based on the factor of whether investors believe in its growth or not. Therefore, we will continue to read forecasts from the category "bitcoin will cost $ 1 million" or "bitcoin will become the main means of saving in the 21st century" for a long time. Despite the popularity of "digital gold," no serious investor will ever keep all their savings in one asset. Bitcoin may pull some of its investments from other traditional investment tools, such as stocks or gold (it has already pulled), but this does not mean that its share in the portfolios of investors and funds will grow constantly. Thus, we recommend paying more attention to the forecasts of those experts who are not personally interested in bitcoin continuing its growth. Plus, we should not forget that both the stock market and the cryptocurrency market are now growing, as the US government and the Fed (and not only them) are pouring vast amounts of money into the economy to stimulate it. Sooner or later, this process will end.