Thursday, October 28, 2021
Home Crypto News Market Microstrategy CEO Michael Saylor: “Bitcoin Is Big Tech Network Without Company”

Microstrategy CEO Michael Saylor: “Bitcoin Is Big Tech Network Without Company”

- Advertisement -

Microstrategy CEO Michael Saylor called Bitcoin big technology but without any company. Microstrategy currently holds 105,085 BTC. Michael Saylor is among the big names that are long term and hardcore support of Bitcoin, just like Twitter CEO Jack Dorsey.

Read: Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet


Michael Saylor shared his thoughts with Natalie Brunell, who host the Coin Stories podcast.

Michael Saylor said that Bitcoin is similar to big tech technology but without the involvement of any company. He compared Bitcoin with top companies like Google, Facebook or Apple.

He said:

“You would like to have a big tech network that has all the dominance of Apple or Google or Facebook but without the company attached. So Bitcoin is Big Tech without the company.” 

 

Saylor is a passionate supporter of Bitcoin and has invested billions in it. However, he does not view it just as an investment opportunity. He stated:

“I found Bitcoin because I had a problem, and the traditional solution didn’t look like a solution anymore.”

Read: Satoshi-Era BTC Wallet Containing 791 Bitcoin Finally Woke up After Nine Years Of Inactivity

The Bitcoin Lover has repeatedly emphasized the fact that BTC is a better form of money. 

He said:

“Bitcoin allows users to have the huge tech network they desire, with all the dominance of Google or Facebook or Apple but no company attached. What you get is a pure big tech network. “

“THE  PRODUCT Of BITCOIN IS ONLY BITCOIN”

stromgain

Saylor: I Will Not Sell Bitcoin

In the same interview with Natalie Brunell, Coin Stories, Michael Saylor says he isn’t forced to sell his Bitcoin or his company MicroStrategy BTC holdings.

He said I wouldn’t be forced to sell BTC no matter how low bitcoin prices go.

The CEO discussed the possible consequences if BTC’s price falls below MicroStrategy’s average entry point; Saylor clearly stated that he would not feel pressured to sell even a single BTC if this happens.

Read: Apple Co-Founder, Steve Wozniak: “Bitcoin Is The Most Amazing Mathematical Miracle”

 Saylor compared Bitcoin to electricity and fire.

“It took the human race 100,000 years to understand fire. It was a slow process. It took humanity around 20-30 years to figure out electricity, But BTC will not take 30 years. I believe information spreads faster, but it could take another decade.”


Bitcoin Can Make You Wealthy

He gave several examples of how Google, Amazon and Facebook have made their creators the wealthiest people in the world.

He gave his formula of becoming rich:

“If you want to get rich, your only hope is to create an asset that is going to appreciate by a factor of 100 or to buy an asset that is going to appreciate by a factor of 100.”

Read: Grayscale Going For Bitcoin Exchange Traded Fund (ETF)

Saylor and his company Microstrategy have been the subject of numerous headlines. They have always backed Bitcoin and BTC benefits as a mode of payment. 

 

- Advertisement -
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

El Salvador purchased additional 420 bitcoins

President Nayib Bukele of El Salvador said on Wednesday that the El Salvador government has purchased additional 420 bitcoins, which brings the total amount...

Shiba Inu Surpasses Dogecoin For The First Time Ever, Shib Becomes First Meme Token To Live Up To The ‘DOGE Killer’ Title

Shiba Inu is now officially the biggest canine coin after surpassing Dogecoin. window.coinzilla_display = window.coinzilla_display || ; ...

MoneyTree Announces the Launch of its NFT Store on Lootex

London, England / October 27, 2021 / MoneyTree, a truly deflationary and fully decentralized gaming token, announced the launch of its NFT store on...

Dubai Financial Regulator Approves Bitcoin Fund Which Is First Registered Product Of Its Kind In The Middle East

Launched by Canadian firm 3iQ Digital Asset Management, the Bitcoin Fund (QBTCu.TO) is the first registered product of its kind in the Middle East.

DOGE Lost Its 9th Position & Slips to 10th By Means of Market Capitalization, Is DOGE Going to Dump and SHIB Going to Pump?

USD Coin (USDC) has just surpassed doge by means of market capitalization. DOGE is standing at $31,026,080,066. ...

TurboXBT Is Introducing Short-Term Synthetic Digital Asset Trading

TurboXBT is delighted to introduce a next-generation cryptocurrency trading experience for both professional and beginner users. By leveraging short-term contracts of synthetic assets in...

Brazilian Giant 99 To Enable Bitcoin Trading On Their 99Pay App

Coindesk report Brazilian 99Pay wallet users will be able to make commission-free transactions in bitcoin. Read: FDIC Chairwoman Says US Regulators Are Exploring Policies For...

Subscribe To Our Newsletter

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