Michael Saylor: Why Bitcoin’s Next Phase Is Beginning – Bits Media

Michael Saylor, the chairman and one of the founders of the US-based organization Strategy, pointed out the key factors that, in his assessment, could trigger a fresh upward phase for Bitcoin.

Saylor claims that financial institutions such as JPMorgan, BofA, Wells Fargo, and BNY Mellon are now getting ready to engage with the leading cryptocurrency, which will contribute to a new optimistic surge.

“Bitcoin represents digitized gold and serves as the world’s reserve asset. It functions as a bank in the digital sphere where funds are safeguarded from theft. The incorporation of banks marks the subsequent advancement toward a $1 million valuation. For Bitcoin’s value to increase tenfold, major global banks need to commence its integration,” the business figure detailed.

Saylor believes artificial intelligence and Bitcoin represent complementary facets of the identical technological upheaval. AI generates digital intellect, while Bitcoin engenders digital finances. Bitcoin should be understood as a lifeline for countless individuals worldwide, bestowing ownership to those whose savings are diminished by inflation and the weakening of traditional currencies, the businessman praises the primary cryptocurrency.

Saylor indicated that Strategy currently oversees more than 640,000 BTC. The firm continues to be the foremost publicly listed holder of the initial cryptocurrency, acquiring BTC on a weekly basis, thereby progressively reducing market availability and generating scarcity.

Previously, Michael Saylor, during a conversation on the Market Disrupters podcast, communicated that his enterprise, Strategy, is equipped to transform a minimum of $100 million into bitcoin in a single hour.

Источник: bits.media