Among today’s Bitcoin News, we cannot miss the interview with Michael Saylor, co-founder of MicroStrategy, who spoke about how BTC offers “economic immortality.” Not only that, Saylor stated that the queen of crypto will reach 10 million dollars per coin.
Summary
Bitcoin News and the interview with Michael Saylor of MicroStrategy: “BTC offers economic immortality”
In an 84-minute podcast interview with Robin Seyr, Michael Saylor, co-founder of MicroStrategy, spoke about Bitcoin, making several strong comments on the matter.
“Bitcoin is economic immortality.”
At the center of his speech, the phrase by Saylor stands out according to which “Bitcoin offers economic immortality”, and not only that. In this regard, the co-founder of the business intelligence company believes that the future of money, which is Bitcoin, will serve companies as a sort of machine for corporate immortality.
“What is the difference between perfect money and imperfect money? Perfect money is economic immortality. Imperfect money is: we all have a short and brutal life”.
Just as he is doing with MicroStrategy, Saylor believes companies that invest in Bitcoin are positioned to last longer than those that remain bogged down in the corporate malaise of the past. Here are his words on the matter:
“The average life expectancy of a company is about 10 years. … We are talking about eliminating corporate mortality, we are talking about extending economic vitality easily by a factor of 10, maybe by a factor of 100, maybe by a factor of a million”.
Bitcoin News: according to Saylor of MicroStrategy “BTC will reach 10 million dollars”
The great bitcoiner also talked about the Bitcoin price prediction, stating that in the future, a single Bitcoin will be worth 10 million dollars.
Not only that, still talking about the future, Saylor of MicroStrategy predicts that all of China will embrace and support the cryptocurrency.
Returning to the present and casting a glance at the past, then, Saylor believes that everything that came before Bitcoin, in economic terms, has been rendered obsolete by its introduction.
“The economy is a pseudoscience before Satoshi. It is an almost religious liberal art and is full of people’s opinions, prejudices, and preconceptions. … All economists before Satoshi tried to elaborate the laws of the economy with shells and glass beads, pieces of paper, and credit instruments”.
As of today, MicroStrategy is the single private company in the world that holds the most Bitcoin.
“`htmlThe company holder of 214,400 BTC
“`MicroStrategy is a holder of a whopping 214,400 BTC, equivalent to 13.37 billion dollars, at the time of writing. The latest purchase dates back to April, with 122 BTC first and another 33 BTC later.
Among the latest news this June, however, MicroStrategy has launched a private offering of senior convertible bonds maturing in 2031, to raise the amount of 500 million dollars.
Here too, it has already been stated that the net proceeds will be used primarily to purchase additional Bitcoin (BTC) as part of its long-term accumulation strategy.
