Crypto

Michael Saylor, CEO of MicroStrategy, says that bitcoin “will grow forever.” – WIZEE

MicroStrategy founder and CEO Michael Saylor believes that bitcoin’s value will continue to rise if governments around the world continue inflationary fiscal policies.

In a new interview with CNBC TechCheck host Deirdre BosaM. Saylor explains why he believes that the flagship cryptocurrency will never stop growing due to limited supply, which cannot increase regardless of demand and price.

“My idea is that there will never be more than 21 million bitcoins, so it is a very fixed supply. It is the only finite resource that anyone in the world can invest in. Any other asset that you can buy to protect yourself from inflation, such as real estate, stocks, gold, or commodities, has a supply that increases with rising prices. But you cannot increase the supply of bitcoins. “

Saylor’s take on fiat currencies

The CEO of MicroStrategy also claims that there is a correlation between the rise in the price of bitcoin and inflation, which is causing the value of traditional currencies to plummet.

“If you look at world currencies, they have inflated 10% or more per year for the last 30 years, maybe even 14% per year for some. You can expect them to continue to grow for the next 30 years. And so bitcoin, measured in global currencies and currency derivatives, will continue to grow, with volatility. “

Gold in the opinion of the CEO of MicroStrategy

Saylor also objects to the notion of a scarcity of gold, saying that the supply of traditional valuable assets is indeed increasing, both physically and on paper.

“Gold is not fixed. The supply of gold increases 2% per year in physical form. Bankers can replace gold and print 100 ounces of gold foil for every ounce of actual gold. Bitcoin is the dominant digital currency network, and because it is dominant and because it is fixed, this means that it is the most trustworthy, the most honest, the rarest thing in the financial world … Bitcoin grows forever. ”

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