Billionaire investor and CEO of MicroStrategy, Michael Saylor, has recently stated that countries, banks, and conventional finance will eventually adopt the flagship cryptocurrency Bitcoin (BTC), stating that it’s just a matter of time.
In a recent interview with Fox Business, the famous Bitcoin proponent stated that there has been a massive increase in the interest in Bitcoin compared to last year.
A crisis of confidence in countries, currencies, banks, & conventional finance is driving an explosion of interest in #bitcoin and the crypto-economy. @cvpayne & I discuss the ongoing digital asset debates in the finance & technology community and why enthusiasm is surging. pic.twitter.com/VK8uGIgOiF
— Michael Saylor⚡️ (@saylor) April 11, 2022
Speaking of his experience at the just concluded Bitcoin 2022 conference, which was held in Miami, Saylor said the passion he witnessed was extraordinary. He said the event revealed that many politicians across the world are increasingly getting interested in Bitcoin (BTC).
Michael Saylor noted:
“I’ve never seen so much passion [in one event]. We have politicians from all over the world getting interested, we have sports figures, capitalists from every industry showing up for the first time, as well as other intellectual figures.
Every single day another big bank adopts Bitcoin. The big investors just got the green light from the President of the United States, with that crypto executive order. So JPMorgan is coming around, and Bank of America, and Goldman Sachs, are all coming around. It is just a matter of time.”
Saylor further pointed out that the reaction of people to the development in the global financial system makes him believe that there is a lack of trust in the centralized government due to the rising inflation, which keeps devaluing fiat currencies across the world.
He said the passion at this year’s event shows that Bitcoin is the solution that people have been searching for.
Countries, Banks, and Conventional Finance Will Adopt Bitcoin
According to MicroStrategy CEO, although there are lots of critics of the leading cryptocurrency, such as countries, banks and several notable people, they will eventually adopt it.
Regarding the current trend of Bitcoin (BTC) in the market, Saylor said it presents an opportunity for long-term investors to keep buying, stating that long-term traders stand the chance for better gains than fast money traders.
He noted that “I think with the Dollar Cost Averaging (DCA), you should be grateful for this opportunity.”
It can be recalled that Michael Saylor’s company, MicroStrategy, recently bought a total of 4,167 BTC worth around $190.5 million at the time of purchase, bringing its total holdings acquired at an average price of $30,700 to 129,218 BTC.
All these were acquired in less than two years. And Saylor has assured that the company will continue to buy Bitcoin.