21 min listen
1056: BITCOIN WILL HIT $500K, IT’S 100 TIMES BETTER THAN GOLD, SAYS MICHAEL SAYLOR!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1056: BITCOIN WILL HIT $500K, IT’S 100 TIMES BETTER THAN GOLD, SAYS MICHAEL SAYLOR!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
26 minutes
Released:
Sep 25, 2022
Format:
Podcast episode
Description
Despite the fact that Bitcoin has lost over 73% of its value since its all-time high in 2021, BTC bull and MicroStrategy co-founder and CEO Michael Saylor is unfazed.
“I think that the next logical stop for Bitcoin is to replace gold as a non-sovereign store of value asset and gold is a $10 trillion asset as we speak. Bitcoin is digital gold, it’s 100x better than gold,” Saylor said during the Money Festival hosted by MarketWatch on Wednesday.
“The half-life of money in crypto is forever. You can move it on billions of computers at the speed of light. So if Bitcoin goes to the value of the yellow metal, it’s going to $500,000 per coin, and I think that happens this decade,” Saylor pointed out.
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“I think that the next logical stop for Bitcoin is to replace gold as a non-sovereign store of value asset and gold is a $10 trillion asset as we speak. Bitcoin is digital gold, it’s 100x better than gold,” Saylor said during the Money Festival hosted by MarketWatch on Wednesday.
“The half-life of money in crypto is forever. You can move it on billions of computers at the speed of light. So if Bitcoin goes to the value of the yellow metal, it’s going to $500,000 per coin, and I think that happens this decade,” Saylor pointed out.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Sep 25, 2022
Format:
Podcast episode
Titles in the series (100)
598: EL SALVADOR TO MINE BITCOIN USING GEOTHERMAL ENERGY FROM VOLCANOES!! MICROSTRATEGY RAISES $1.6B!: Bitcoin is heating up - some may say erupting - as Latin American country El Salvadore plans to tap energy from volcanoes for mining the cryptocurrency. Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now... by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News