By 2026, over a billion people around the planet will choose Bitcoin as their primary means of storing their savings. The head of MicroStrategy, Michael Sailor, is convinced of this.
In an interview with CNBC, Sailor, whose firm already owns over 90,000 BTC , continued his public advocacy of the cryptocurrency, calling it the «dominant digital currency network.» In addition, he shared his vision of the future of the world population with the massive popularity of BTC.
It is noteworthy that Michael was interviewed on this issue the day after US Treasury Secretary Janet Yellen called Bitcoin «ineffective», and the cryptocurrency itself has collapsed more than 20 percent since it reached a new all-time high. However, this did not stop the fan of the blockchain asset.
We checked the actual data: today Bitcoin looks much better than yesterday. The cryptocurrency rate is $ 50,514, which is 7.5 percent higher than the result of a day ago. The coin has yet to recover from the recent crash, however, there are improvements in the niche right now.
The same goes for the rest of the cryptocurrencies: many projects have shown good daily growth. For clarity, we present a graph of the first ten blockchain assets.
What will happen to Bitcoin
Sailor himself clearly ignored Yellen’s comments and said that the scope of Bitcoin will expand significantly in the next five years. According to him, after five years, the number of BTC users will grow to a billion people . Here is his line, in which Michael talks about the prospects for cryptocurrency. The quote is from Cointelegraph.
The bottom line is that Bitcoin is an egalitarian [ie, assuming user equality – editor’s note] progressive technology. The day will come when 7 to 8 billion people will have a digital gold bar on their phones to store their savings.
That is, one of the main fans of cryptocurrency believes that in the future, the niche of digital assets will be massively spread all over the world. According to Sailor, in the future, the vast majority of people will keep their assets in digital form. And cryptocurrencies will come in handy here in the first place.
In addition, the billionaire referred to Bitcoin’s 12-year race to become a trillion dollar asset. According to him, this process for BTC was completed two to four times faster than for tech giants such as Amazon, Google and Apple. The expert continues.
The world needs Bitcoin, and I think you can expect that within five years we will have at least a billion people storing their capital on a mobile device in the form of Bitcoin. Bitcoin is the dominant digital monetary network.
Recent Bitcoin crash on the chart
Another important note from Sailor: the head of MicroStrategy expects Elon Musk is not done with Bitcoin yet. That is, the recent investment of $ 1.5 billion in BTC from Tesla was only the beginning, and in the future, the company will increase its savings. Recall that a couple of weeks ago, it was the news about Tesla that contributed to the sharp rise in the price of Bitcoin and the establishment of a new all-time high.
By the way, on the positive news – Bitfinex and Tether have agreed to end all trading activities in New York State as part of a settlement agreement announced by New York Attorney General Letitia James. The firms also agreed to pay $ 18.5 million in fines to complete a 22-month investigation into their operations, Decrypt reported.
Recall that earlier the issuer of the main stablecoin of the cryptocurrency market was a stumbling block for financial regulators. At the same time, many investors expected Tether to explode like a time bomb sooner or later. But, fortunately, we now have less reason to expect another fall in the market. As experts from the cryptocurrency niche noted, the news has become a great positive for the industry, because now it has one less weak point. This means that developers can focus on creating new products without the fear of being hit.
We believe that the coin market is truly stronger than ever before. Cryptocurrencies show the ability to quickly recover from falls, which are also a necessary phenomenon during the growth phase. So there is no reason to doubt the prospects of the blockchain asset industry – especially in the long term.