Michael Saylor is optimistic about Bitcoin, while he is skeptical about all other cryptocurrencies

Michael Saylor is optimistic about Bitcoin, while he is skeptical about all other cryptocurrencies

Michael Saylor bitcoin is the safest good
  • Michael Saylor confirms his optimistic view of Bitcoin.
  • Microstrategy INC currently has around 140,000 BTC.
  • Bitcoin has lost almost 10 % since its high in April.

Bitcoin has lost almost 10 % in the past few weeks, but the decline is only an opportunity for Michael Saylor - Chairman of Microstrategy Inc.

Saylor is skeptical about other cryptocurrencies

Interestingly, his optimistic assessment only refers to Bitcoin, while in view of the regulatory uncertainty towards other cryptocurrencies, he remains "skeptical". In conversation with CNBC today said Saylor:

I think Bitcoin has reached the low point, the leverage effect has disappeared, we are in an upward trend. BTC is the only raw material that the SEC will not regulate. I think the way for a recovery of Bitcoin is free from here.

At the beginning of this month, the US Federal Reserve signaled a " Pause in the future, because a flash of monetary policy is known to lead to the fact that investors are ranger Get bet.

Microstrategy INC currently bought about 140,000 bitcoins for a total price of around $ 4.17 billion.

Why otherwise remains optimistic about Bitcoin?

Saylor is convinced that the recent bankruptcy and the regulatory uncertainty related to In view of his reputation, cryptocurrencies will have a positive effect on the Bitcoin as a safe port.

Bitcoin is the safest network, the safest good. You will observe a constant flow of capital from the rest of the crypto ecosystem to Bitcoin.

Further reasons for the optimistic assessment of BTC are: " Lightning-Network "-a protocol that was striking about Bitcoin, which he convinces of is that it has the potential to become a disruptive payment network.

Also on Friday also Anthony Pompliano that Bitcoin is like the largest insurance company in the world.

Source: Coinlist.me

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