Michael Saylor, CEO of MicroStrategy, predicts that bitcoin (BTC) will be the preferred way to save billions of people on their phones by 2026.
In an interview with CNBC on February 23, Sailor, whose company owns more than 70,000 BTC, continued the widespread use of bitcoin, calling it “the dominant digital money network.”
Sailor: Billions of people choose Bitcoin for savings
Sailor spoke the day after US Treasury Secretary Janet Yellen called Bitcoin “ineffective”, comments that accompanied the price drop more than 20% from a full-time $ 58,300.
However, in his opinion, the comments did not mean much in relation to the broader Bitcoin use case, which is rapidly invading the economic lives of more and more people.
“It does not tell the story that Bitcoin is the same progressive technology,” he told CNBC’s Squawk Box division.
“We will see a day when 7 to 8 billion people have digital gold tablets in their phones and use them to save their savings.”
He then pointed to Bitcoin’s 12-year race to become a trillion-dollar asset – two to four times faster than tech giants like Amazon, Google and Apple.
“So the world needs this thing, and I think you can expect a billion people to store their valuables – mainly savings accounts – on a mobile device in five years, and they will use something like bitcoin.”
“Bitcoin is the dominant network for digital money.”
Analyst: Tesla will “double” its Bitcoin holdings
Saylor continues to create a furor with its ongoing MicroStrategy Bitcoin acquisitions, eventually reaping $ 900 million just to add existing assets.
While skeptics say few others will follow in the company’s footsteps, another guest on CNBC on Tuesday predicted that Tesla, which itself bought $ 1.5 billion in bitcoin, would “double” after being exposed.
“I do not think this is just a fad. I think Tesla will continue to double its investment in Bitcoin, and you will see that too in terms of transactions, ”said Dan Ives, Wedbush’s CEO and chief analyst for stock market research. Warranty.
The Bitcoin / US Dollar (BTC / USD) pair saw a long-awaited respite on Tuesday, when the low $ 45,000 downturn intensified on news that US lawmakers reached an agreement with stablecoin issuer Tether, ending a two-year lawsuit.
At the time of writing, the pair is trading over $ 48,000, and $ 50,000 appears to be current opposition.
Ki Yong Joo, CEO of CryptoQuant Chain Analytics Service, added that the whales are monitoring the extent of further losses.