"The best thing is that Michael Saylor is really positive about BTC, he never once thought negatively."
A staunch supporter of the cryptocurrency Bitcoin (BTC), Michael Saylor who is the co-founder and executive chairman of the MicroStrategy company based in the United States (US) believes that the digital asset will become a global savings asset by 2031.
According to Saylor, positive comments from the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are able to encourage most companies to accept BTC.
If observed before, the companies BlackRock and Fidelity were not convinced of BTC but after a long time they finally started to believe in the potential of the digital asset in the future.
Among other reasons that will make BTC a global storage asset is the Lightning Network which is layer-2 built on the BTC protocol to create faster and cheaper transactions.
Following that, MicroStrategy plans to develop applications powered by the Lightning Network such as Lightning Wallets that can reach millions of users including creating a huge demand for BTC.
Aside from Lightning Networks, the main factor that will help BTC emerge as a global savings asset is through macroeconomic conditions as well as interest rate hikes by the US Federal Reserve (Fed), commented Saylor.
He added that the crypto market will recover if inflation rises following the Fed's action to slow down interest rate hikes.
