Bitcoin’s biggest advocate, Michael Saylor recently reiterated that Bitcoin is going to get to $1 million. In an interview with Squawk box on Wednesday, Saylor showed support for the leading crypto asset once again.
Michael Saylor strongly believes that Bitcoin is a better investment than gold, sharing that Bitcoin is everything gold wants to be. Since its inception, the digital asset has outperformed gold in growth rate, and so have many other digital currencies.
“The Deniers and Skeptics have been Proved Wrong”
The CEO of MicroStrategy was asked what will happen if cryptocurrencies get wiped out of the system. Saylor replied stating that he doesn’t see that happening. He further added that the real question about Bitcoin is; “Is this (Bitcoin) real and if it’s real, is it going to be banned?”
According to Saylor, the deniers who claimed Bitcoin is not real have been discredited. Similarly, the theories of skeptics who believe Bitcoin is real but will eventually get banned have been invalidated.
At this point, both the deniers and skeptics are wrong. Congresses and authorities have taken note of the digital asset and are making room for Bitcoin in their policies. Earlier this week, Senators Cynthia Lummis and Kirsten Gillibrand proposed a crypto-friendly regulatory bill. People are now realizing that digital assets are critical to the future of the United States.
Bitcoin is Unique
The MicroStrategy CEO believes Bitcoin is unique and there is no network in the world that has its level of adoption and security. Bitcoin is also a scarce asset that will be more limited in supply in the coming years. That explains why Michael and his company have invested a fortune in the digital asset.
Despite the bearishness of Bitcoin in recent times, Saylor is still an avid Bitcoin preacher. His company started purchasing Bitcoin in 2020. MicroStrategy currently holds over 129,000 Bitcoins bought at an average price of $30,700. The company has no plans to sell off anytime soon.