Saturday, February 27, 2021
Home Crypto News Market In The Microstrategy Bitcoin Conference, Michael Saylor And Microstrategy Did Exceptional Work...

In The Microstrategy Bitcoin Conference, Michael Saylor And Microstrategy Did Exceptional Work To Enable Thousands Of Companies To Begin Their Bitcoin Journey

- Advertisement -

MicroStrategy Bitcoin Conference can cause huge BTC price increase. Why?

Michael Saylor and Microstrategy held an online seminar on Bitcoin. More than 20,000 people were registered for the event, including thousands of corporate representatives.

Saylor’s goal was to explain to directors, CEO’s and managers why he believes Bitcoin is essential to their treasury. He also showed precisely what steps he has taken to invest more than USD 1 billion in Bitcoin, without directly affecting the market price.


Yesterday, on the last day of the seminar, apart from Saylor, Some big names from Coinbase, Binance, Kraken, NYDig, Fidelity, Gemini, Grayscale addressed the conference.

“There is a huge macroeconomic wind blowing that will have an impact of $400 trillion in capital. That capital is in fiat instruments that become less valuable. That capital needs to be converted into sound money.” Saylor said.

He said further:

every company has to make one of two choices. Either you have to have less capital overtime, which is a kind of self-destruction, or you have to recapitalize with an asset that will rise faster than the rate of expansion of monetary supply. This is where Bitcoin comes in.

The conference is not only important because Microstrategy bought Bitcoin for more than USD 1 billion, but also Michael Saylor has a convincing way of explaining Bitcoin and its global importance.

It is especially important because during last Sessions Microstrategy and the above mentioned crypto companies showed how to start with Bitcoin and how to invest in it.

Participating companies have the same questions and problems as early-stage private investors: Where should you buy BTC? When do you buy? How do you buy? Dollar cost average? What are the fiscal and regulatory consequences? How do you keep Bitcoin? What will be safety features? How do you integrate Bitcoin into your accounts?

All these questions have been answered by industry experts in the last two days. The companies executives are now armed with all the information they need to allocate part of their treasury to Bitcoin.

Cathie Wood of ARK Invest says:

if all conference listed companies put 1% of their assets in Bitcoin, we can see another $40,000 rise in BTC price.

For many analysts it was clear that private investors and then financial institutions would adopt Bitcoin. There are logical fundamental reasons for this. But many analyst overlooked the importance of institution investors. Now as with time, organizations adopt Bitcoin, Bitcoin’s price will likely increase.

But there is another group coming, and this will probably be the very last group: the central banks. But according to Anthony Pompliano, we are not yet ready to move central banks from fiat to Bitcoin.

FTX US

Michael Saylor and Microstrategy are doing exceptional work to train thousands of companies and enable them to begin their Bitcoin journey. This conference will be a milestone and main reasons of BTC adoption by large firms.

Watch Microstrategy conference Videos: https://www.microstrategy.com/en/bitcoin/videos/bitcoin-macro-strategy

Join Our Community: Twitter, Facebook, Telegram

Donate Crypto

We are a small team striving to provide best content on Cryptocurrency. 

Your Donations will keep us alive.

BITCOIN (BTC)

1F9Pzyh96BT3TLNEuGaZmSbMYUfR9PwjX3

ETHEREUM (ETH)

0x831433a5495ed8949813747e2bb43abfb9918141

USDT (ERC20)

0x831433a5495ed8949813747e2bb43abfb9918141

LITECOIN (LTC)

LU1T8upd8QNU4UuzxUYSF75WwsfnFYQYU7

RIPPLE (XRP)

103332432

rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh

CHAINLINK (LINK)

0x831433a5495ed8949813747e2bb43abfb9918141



Jakkk
Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade, and write on cryptocurrencies. My basic aim is to provide genuine information to cryptocurrencies readers because crypto is filled with frauds and scams. True information is very rare to get. So I will be providing accurate information about cryptocurrencies topics, that users can trust.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

ASIC Miner Manufacturer Ebang To Start Mining LTC And DODGE

Mining equipment manufacturer Ebang, which is engaged in Bitcoin mining, plans to expand mining operations on Litecoin (LTC) and Dogecoin (DOGE). For mining these cryptocurrencies,...

Cardano Founder Welcome Dubai Firm FD7 Decision To Sell $750 Million Of Bitcoin To Buy Cardano And Polkadot

The Dubai-based crypto fund 'FD7 Ventures' will sell over $750 million in Bitcoin in the coming month to buy Cardano and Polkadot, The company...

Just Starting In Crypto And Confused About All The Crypto Wallet Jargon?

Getting into the cryptocurrency world means that you need to understand the industry background and some of the necessary technical terms and concepts. So,...

President Donald Trump NFT Sold For Record 6.6 Million USD

Digital artwork "Crossroad" by artist Mike Winkelman, known as Beeple, sold for a record $6.6 million. The Non Fungible token (NFT) contains an image...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly